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20 chapters · 220 sections in this title.
R.I. Gen. Laws § 18-5-1. Establishment by banks and trust companies authorized
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(a) Any trust company or national banking association qualified to act as a fiduciary in this state may establish one or more common trust funds for the purpose of investment and reinvestment of money received and held by the trust company or national banking association as fiduc…
R.I. Gen. Laws § 18-5-2. Definitions
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(a) As used in this chapter, “affiliate” of a trust company or national banking association means a member of an affiliated group connected through stock ownership with a common parent corporation which directly or indirectly owns stock possessing at least eighty percent (80%) of…
R.I. Gen. Laws § 18-5-3. Property tax on assets
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Real estate and tangible personal property constituting assets of a common trust fund shall be taxed to the owner of the assets in the same manner as otherwise required by law.
R.I. Gen. Laws § 18-5-4. Exemption of funds from taxation generally
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Except as provided in § 18-5-3, no common trust fund nor any asset of the fund, nor any trust company or national banking association by reason of its ownership or operation of the fund or asset, shall be subject to any tax now or subsequently levied, assessed, or imposed by the …
