§ 7-4-3 - Voting on stock held by fiduciaries and pledgees. - Rhode Island Statutes

SECTION 7-4-3

   § 7-4-3  Voting on stock held byfiduciaries and pledgees. – A person holding stock in a fiduciary capacity is entitled to vote the stock.In the case of stock held jointly by two (2) or more executors, administrators,guardians, conservators, trustees, or other fiduciaries, the fiduciaries maydesignate, in writing, one or more of their number to represent the stock andvote it, unless there is a provision to the contrary in any instrument definingtheir powers and duties. A person whose stock is pledged is entitled to votethe stock until the stock is transferred on the books of the corporation to thepledgee, and subsequently the pledgee is entitled to vote the stock.