Rhode Island § 6-17-5 - Bucket Shops
Full text of Rhode Island Rhode Island General Laws § 6-17-5 — Bucket Shops, with citation guidance and answers to common questions.
§ 6-17-5. Bucket Shops
R.I. Gen. Laws § 6-17-5
§ 6-17-5. Disclosure of terms and parties to transactions — Failure to disclose as evidence.
Every person shall furnish, upon demand, to any customer or principal for whom the person has executed any order for the actual purchase or sale of any securities or commodities, either for immediate or future delivery, a written statement containing the names of the persons from whom the property was bought, or to whom it has been sold, as the fact may be, the time when, place where, and the price at which the property was either bought or sold. If the person shall refuse or neglect to furnish the statement within twenty-four (24) hours after the demand, the refusal or neglect shall be evidence that the purchase or sale was bucketing or bucket shopping within the terms of this chapter.
History of Section.
P.L. 1908, ch. 1565, § 4; G.L. 1909, ch. 353, § 4; G.L. 1923, ch. 406, § 4; G.L. 1938,
ch. 614, § 4; G.L. 1956, § 6-17-5.
Frequently Asked Questions About Rhode Island § 6-17-5
What does Rhode Island General Laws § 6-17-5 cover?
Section 6-17-5 ("Bucket Shops") 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 § 6-17-5?
A common citation format is "Rhode Island General Laws § 6-17-5" (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 § 6-17-5 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.