§ 18-4-14 - Binding effect of authorized transactions. - Rhode-island Statutes

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Statutes > Rhode-island > Title-18 > Chapter-18-4 > 18-4-14

SECTION 18-4-14

§ 18-4-14 Binding effect of authorizedtransactions. – (a) Any transaction authorized under this chapter shall be binding upon theentire estate and interest in the trust property of all the parties to theproceeding and of all persons designated and described in the proceeding, asprovided.

(b) No transaction, note, covenant, or other obligation,executed or entered into as a part of or as an incident to any transaction,shall bind the trustee or trustees personally, insofar as the transaction,note, covenant, or other obligation is made by the trustee or trustees in hisor her or their representative capacity.

State Codes and Statutes

Statutes > Rhode-island > Title-18 > Chapter-18-4 > 18-4-14

SECTION 18-4-14

§ 18-4-14 Binding effect of authorizedtransactions. – (a) Any transaction authorized under this chapter shall be binding upon theentire estate and interest in the trust property of all the parties to theproceeding and of all persons designated and described in the proceeding, asprovided.

(b) No transaction, note, covenant, or other obligation,executed or entered into as a part of or as an incident to any transaction,shall bind the trustee or trustees personally, insofar as the transaction,note, covenant, or other obligation is made by the trustee or trustees in hisor her or their representative capacity.

State Codes and Statutes

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State Codes and Statutes

Statutes > Rhode-island > Title-18 > Chapter-18-4 > 18-4-14

SECTION 18-4-14

§ 18-4-14 Binding effect of authorizedtransactions. – (a) Any transaction authorized under this chapter shall be binding upon theentire estate and interest in the trust property of all the parties to theproceeding and of all persons designated and described in the proceeding, asprovided.

(b) No transaction, note, covenant, or other obligation,executed or entered into as a part of or as an incident to any transaction,shall bind the trustee or trustees personally, insofar as the transaction,note, covenant, or other obligation is made by the trustee or trustees in hisor her or their representative capacity.