§ 18-13-19 - Applicable law. - Rhode-island Statutes

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Statutes > Rhode-island > Title-18 > Chapter-18-13 > 18-13-19

SECTION 18-13-19

§ 18-13-19 Applicable law. – (a) This chapter applies to a transfer or declaration creating a custodialtrust that refers to this chapter if, at the time of the transfer ordeclaration, the transferor, beneficiary, or custodial trustee is a resident ofor has its principal place of business in this state or custodial trustproperty is located in this state. The custodial trust remains subject to thischapter despite a later change in residence or principal place of business ofthe transferor, beneficiary, or custodial trustee, or removal of the custodialtrust property from this state.

(b) A transfer made pursuant to an act of another statesubstantially similar to this chapter is governed by the law of that state andmay be enforced in this state.

State Codes and Statutes

Statutes > Rhode-island > Title-18 > Chapter-18-13 > 18-13-19

SECTION 18-13-19

§ 18-13-19 Applicable law. – (a) This chapter applies to a transfer or declaration creating a custodialtrust that refers to this chapter if, at the time of the transfer ordeclaration, the transferor, beneficiary, or custodial trustee is a resident ofor has its principal place of business in this state or custodial trustproperty is located in this state. The custodial trust remains subject to thischapter despite a later change in residence or principal place of business ofthe transferor, beneficiary, or custodial trustee, or removal of the custodialtrust property from this state.

(b) A transfer made pursuant to an act of another statesubstantially similar to this chapter is governed by the law of that state andmay be enforced in this state.

State Codes and Statutes

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State Codes and Statutes

Statutes > Rhode-island > Title-18 > Chapter-18-13 > 18-13-19

SECTION 18-13-19

§ 18-13-19 Applicable law. – (a) This chapter applies to a transfer or declaration creating a custodialtrust that refers to this chapter if, at the time of the transfer ordeclaration, the transferor, beneficiary, or custodial trustee is a resident ofor has its principal place of business in this state or custodial trustproperty is located in this state. The custodial trust remains subject to thischapter despite a later change in residence or principal place of business ofthe transferor, beneficiary, or custodial trustee, or removal of the custodialtrust property from this state.

(b) A transfer made pursuant to an act of another statesubstantially similar to this chapter is governed by the law of that state andmay be enforced in this state.