§ 18-10-1 - Authority to register security in name of nominee. - Rhode Island Statutes

SECTION 18-10-1

   § 18-10-1  Authority to register securityin name of nominee. – Any trust company or national banking association doing business in this statewhen acting as executor, administrator, guardian, conservator, testamentarytrustee, or trustee under any other instrument, whether alone or jointly withan individual or individuals, may, with the consent of the individual fiduciaryor fiduciaries, if any, who are authorized to give consent, cause any stock,shares, bonds, debentures, notes, mortgages, or other securities in anycorporation, business trust, or association, or any other personal propertyheld in any capacity, to be registered and held in the name of a nominee ornominees of the trust company or national banking association, which nominee ornominees may be an individual or individuals, a partnership, or a corporation,without mention of the trust or fiduciary relationship in the certificate orother instrument or document representing the property or evidencing the titleto the property.