§ 18-9-13 - Annual fiduciary's report. - Rhode Island Statutes

SECTION 18-9-13

   § 18-9-13  Annual fiduciary's report.– (a) Any fiduciary holding property subject to equitable duties to deal with theproperty for charitable, educational, or religious purposes shall annually, onor before July 1, unless otherwise directed by the attorney general, make tothe attorney general a written report for the last preceding fiscal year of thetrust showing the property held and administered, the receipts and expendituresin connection with the trust, the names and addresses of the beneficiaries ofthe trust, and any other information that the attorney general may require.

   (b) The trustee shall also pay an annual filing fee of fiftydollars ($50.00) to the attorney general for use in performing the dutiesauthorized in this chapter.

   (c) These fees shall be deposited in the general fund.

   (d) Failure after notice for two (2) successive years to filea report shall constitute a breach of trust and the attorney general shall takeany action that may be appropriate to compel compliance with this section.