Rhode Island § 18-4-5 - Powers of Fiduciaries
Full text of Rhode Island Rhode Island General Laws § 18-4-5 — Powers of Fiduciaries, with citation guidance and answers to common questions.
§ 18-4-5. Powers of Fiduciaries
R.I. Gen. Laws § 18-4-5
§ 18-4-5. Effect of trustee’s receipt.
(a) The receipt in writing of any trustees or trustee for any money, securities, or other personal property or effects, payable, transferable, or deliverable to them, him, her, or it, under any trust or power, expressly including purchase money and loans, shall be a sufficient discharge for the personal property or effects, and shall effectually exonerate the person paying, transferring, or delivering the personal property or effects from seeing to the application, or being answerable for any loss or misapplication.
(b) This section applies to trusts previously or subsequently created.
History of Section.
G.L. 1896, ch. 208, § 15; G.L. 1909, ch. 259, § 15; G.L. 1923, ch. 303, § 15; G.L.
1938, ch. 486, § 13; G.L. 1956, § 18-4-5.
Source: official Rhode Island text · Last verified 2026-08-27
Frequently Asked Questions About Rhode Island § 18-4-5
What does Rhode Island General Laws § 18-4-5 cover?
Section 18-4-5 ("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 § 18-4-5?
A common citation format is "Rhode Island General Laws § 18-4-5" (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 § 18-4-5 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.