§18-3-2  Definitions. –

Published: 2015

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Get a Day Pass for only USD$49.99.



Fiduciaries' Emergency Act

SECTION 18-3-2

   § 18-3-2  Definitions. –

As used in this chapter:

   (1) "Cofiduciary" means a trustee or personal representative

empowered to exercise fiduciary functions jointly with any person authorized to

delegate functions under the provisions of § 18-3-3;

   (2) "Fiduciary" means any trustee or personal representative;

   (3) "Functions" includes discretions, powers, and duties;

   (4) "Person" includes corporations as well as natural persons;

   (5) "Personal representative" means an executor under a will,

an administrator cum testamento annexo, an administrator de bonis non, an

administrator of an intestate estate, or a guardian of the estate of any person;

   (6) "Power of attorney" and "power" means a power of attorney

given pursuant to § 18-3-5;

   (7) "Trustee" means any person who is designated in any

written instrument, or court order, or in any will admitted to probate in this

state to hold property upon trust, whether or not that person has assumed

possession of the trust estate or entered upon his or her fiduciary duties;

   (8) "War or national emergency" means any period during which

the United States is engaged in any war, declared or undeclared, plus a period

of sixty (60) days thereafter; and

   (9) "War service" means:

   (i) Active service during the period of any war or national

emergency, whether within or outside of the territory of the United States of

America, in any of the naval, military, or air forces of the United States;

   (ii) Any active service during the period of any war or

national emergency on any ship of United States registry; or

   (iii) Any other work or employment during the period of any

war or national emergency outside the continental United States and under the

direction of the government of the United States.

History of Section.

(P.L. 1942, ch. 1140, § 4; P.L. 1950 (s.s.), ch. 2645, § 3; G.L.

1956, § 18-3-2.)