§ 19-3.1-1 - Scope. - Rhode Island Statutes

SECTION 19-3.1-1

   § 19-3.1-1  Scope. – The provisions of this chapter shall apply to any financial institution:

   (1) Authorized by its agreement to form to exercise trustpowers;

   (2) Permitted to exercise such powers by laws of this stateapplicable to that financial institution on or before December 31, 1994; and

   (3) To any bank or trust company duly organized under thelaws of and carrying on business in another state that has established a trustbranch office in this state subject to the provisions of § 19-3.1-6 ofthis chapter.