§ 18-4-9 - Powers of surviving fiduciaries. - Rhode Island Statutes

SECTION 18-4-9

   § 18-4-9  Powers of surviving fiduciaries.– (a) Where a power or trust, whether discretionary or not, is given to or vestedin two (2) or more executors, administrators, trustees, or assignees, jointly,then, unless the contrary is expressed in the instrument, if any, creating thepower or trust, the power or trust may be exercised or performed by thesurvivors or survivor of them, or those occupying these positions for the timebeing.

   (b) This section shall only apply to powers and trustscreated after January 31, 1896.