§ 34-11-37 - Indefinite references to "trustee". - Rhode Island Statutes

SECTION 34-11-37

   § 34-11-37  Indefinite references to"trustee". – The word "trustee" or the words "as trustee" or words of similar meaning,following the name of the grantee of real estate or any interest thereinconveyed, transferred or assigned by an instrument duly executed and recorded,wherein the instrument fails to set forth the terms of the trust, or to specifya recorded instrument which sets forth its terms and the place in the publicrecords where the instrument is recorded, shall not affect the right of suchgrantee to sell or otherwise dispose of the real estate or interest therein inthe same manner as if the word "trustee" or the words "as trustee" had not beenused in the instrument, and any person to whom the real estate or interesttherein has been transferred by the grantee shall not be liable for the claimof any undisclosed beneficiary or for the application of any money which mayhave been paid by the person therefor.