Section 18-9.2-4. – Avoidance of qualified dispositions.
§ 18-9.2-4. Avoidance of qualified dispositions. (a) Notwithstanding any other provision of the general laws, no action of any kind, including, without limitation, an action to enforce a judgment entered by a court or other body having adjudicative authority, shall be brought at law or in equity for an attachment or other provisional remedy against […]
Section 18-11-8. – Non-liability of third persons.
§ 18-11-8. Non-liability of third persons. (a) No person who participates in the acquisition, disposition, assignment, or transfer of a security by or to a fiduciary, including a person who guarantees the signature of the fiduciary, is liable for participation in any breach of fiduciary duty by reason of failure to inquire whether the transaction […]
Section 18-9.2-5. – Persons not subject to qualified dispositions.
§ 18-9.2-5. Persons not subject to qualified dispositions. Notwithstanding the provisions of § 18-9.2-4, this chapter shall not apply to defeat a claim brought by: (1) Any person to whom the transferor is indebted on or before the date of a qualified disposition on account of an agreement or order of court for the payment […]
Section 18-11-9. – Territorial applicability.
§ 18-11-9. Territorial applicability. (a) The rights and duties of a corporation and its transfer agents in registering a security in the name of a fiduciary or in making a transfer of a security pursuant to an assignment by a fiduciary are governed by the law of the jurisdiction under whose laws the corporation is […]
Section 18-9.2-6. – Effect of avoidance of qualified dispositions.
§ 18-9.2-6. Effect of avoidance of qualified dispositions. (a) A qualified disposition shall be avoided only to the extent necessary to satisfy the transferor’s debt to the creditor at whose instance the disposition had been avoided, together with any costs, including attorney’s fees, that the court may allow. (b) In the event any qualified disposition […]
Section 18-9.2-7. – Applicability of chapter.
§ 18-9.2-7. Applicability of chapter. This chapter applies to qualified dispositions made on or after July 1, 1999. History of Section.P.L. 1999, ch. 402, § 1.
Section 18-10-1. – Authority to register security in name of nominee.
§ 18-10-1. Authority to register security in name of nominee. Any trust company or national banking association doing business in this state when acting as executor, administrator, guardian, conservator, testamentary trustee, or trustee under any other instrument, whether alone or jointly with an individual or individuals, may, with the consent of the individual fiduciary or […]
Section 18-10-2. – Direction for registration by individual fiduciary.
§ 18-10-2. Direction for registration by individual fiduciary. (a) Any individual or individuals acting as executor, administrator, guardian, conservator, testamentary trustee, or trustee under any other instrument is and are authorized, respectively, to direct any trust company or national banking association doing business in this state to cause any property deposited with the trust company […]
Section 18-10-3. – Liability of trust company or banking association — Accounts to show ownership.
§ 18-10-3. Liability of trust company or banking association — Accounts to show ownership. (a) Any trust company or national banking association shall be absolutely liable for any loss occasioned by the acts of any nominee or nominees of the trust company or national banking association with respect to any property so registered. (b) The […]
Section 18-10-4. – Corporation or transfer agent relieved of liability on transfer of stock.
§ 18-10-4. Corporation or transfer agent relieved of liability on transfer of stock. In case any stock, shares, bonds, debentures, notes, or other securities are registered in the name of a nominee or nominees in accordance with the provisions of this chapter, the corporation, joint stock company, business trust, or association which has issued any […]