Title 34, Title 34 Title 34

This chapter shall be known and may be cited as “The Rhode Island Construction Trust Act.”

The general assembly finds and declares that the uniqueness of the construction industry requires a special system to ensure that payment is received by those businesses, contractors and owners who expend materials and/or labor prior to the completion of a construction project, b…

The following definitions apply in the interpretations of the provisions of this chapter, unless the context requires another meaning: (1) “Express Trust” means funds that have been paid by an owner, for or in connection with materials used in an improvement of real property, whi…

(a) Any moneys paid under a contract by an owner to a contractor, or by the owner or contractor to a subcontractor, for work done for or about a building by any subcontractor shall be held in express trust by the contractor or subcontractor, as trustee, for those subcontractors w…