Rhode Island § 18-4-15 - Powers of Fiduciaries
Full text of Rhode Island Rhode Island General Laws § 18-4-15 — Powers of Fiduciaries, with citation guidance and answers to common questions.
§ 18-4-15. Powers of Fiduciaries
R.I. Gen. Laws § 18-4-15
§ 18-4-15. Definitions.
(a) In §§ 18-4-16 — 18-4-21, unless the context or subject matter otherwise requires:
(1) “Bank” includes any person or association of persons, whether incorporated or not, carrying on the business of banking.
(2) “Fiduciary” includes a trustee under any trust, expressed, implied, resulting, or constructive, executor, administrator, guardian, conservator, curator, receiver, trustee in bankruptcy, assignee for the benefit of creditors, partner, agent, officer of a corporation, public or private, public officer, or any other person acting in a fiduciary capacity for any person, trust, or estate.
(3) “Person” includes a corporation, partnership, or other association, or two (2) or more persons having a joint or common interest.
(4) “Principal” includes any person to whom a fiduciary owes an obligation.
(b) A thing is done “in good faith”, within the meaning of §§ 18-4-16 — 18-4-21, when it is in fact done honestly, whether it is done negligently or not.
History of Section.
P.L. 1960, ch. 147, § 3.
Source: official Rhode Island text · Last verified 2026-08-27
Frequently Asked Questions About Rhode Island § 18-4-15
What does Rhode Island General Laws § 18-4-15 cover?
Section 18-4-15 ("Powers of Fiduciaries") is part of the Rhode Island General Laws, the codified statutory law of Rhode Island. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Rhode Island § 18-4-15?
A common citation format is "Rhode Island General Laws § 18-4-15" (Rhode Island). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Rhode Island law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Rhode Island official source linked on this page or consult a licensed Rhode Island attorney.
How does Rhode Island § 18-4-15 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Rhode Island can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Rhode Island.