# R.I. Gen. Laws § 18-4-5: Effect of trustee€™s receipt

> Rhode Island · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_RI_T18_C18-4_S18-4-5

## Section

- **Citation:** R.I. Gen. Laws § 18-4-5
- **Heading:** Effect of trustee€™s receipt
- **Jurisdiction:** Rhode Island
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** RI Code / Title 18 / Chapter 18-4 / Section 18-4-5

## Text

(a) The receipt in writing of any trustees or trustee for any money, securities, or other personal property or effects, payable, transferable, or deliverable to them, him, her, or it, under any trust or power, expressly including purchase money and loans, shall be a sufficient discharge for the personal property or effects, and shall effectually exonerate the person paying, transferring, or delivering the personal property or effects from seeing to the application, or being answerable for any loss or misapplication.

(b) This section applies to trusts previously or subsequently created.

## Nearby sections

- [R.I. Gen. Laws § 18-4-1 § 18-4-1. Application of cy pres doctrine.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T18_C18-4_S18-4-1.md)
- [R.I. Gen. Laws § 18-4-2 § 18-4-2. Powers of trustees.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T18_C18-4_S18-4-2.md)
- [R.I. Gen. Laws § 18-4-3 § 18-4-3. Arbitration.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T18_C18-4_S18-4-3.md)
- [R.I. Gen. Laws § 18-4-4 § 18-4-4. Power of sale.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T18_C18-4_S18-4-4.md)
- [R.I. Gen. Laws § 18-4-5 § 18-4-5. Effect of trustee€™s receipt.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T18_C18-4_S18-4-5.md)
- [R.I. Gen. Laws § 18-4-6 § 18-4-6. Conveyance by infant trustee.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T18_C18-4_S18-4-6.md)
- [R.I. Gen. Laws § 18-4-7 § 18-4-7. Disposition of money payable to infant trustee.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T18_C18-4_S18-4-7.md)
- [R.I. Gen. Laws § 18-4-8 § 18-4-8. Settlement of debts and claims €” Assent of court.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T18_C18-4_S18-4-8.md)
- [R.I. Gen. Laws § 18-4-9 § 18-4-9. Powers of surviving fiduciaries.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T18_C18-4_S18-4-9.md)
- [R.I. Gen. Laws § 18-4-10 § 18-4-10. Management powers exercised with court approval.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T18_C18-4_S18-4-10.md)
- [R.I. Gen. Laws § 18-4-11 § 18-4-11. Purposes for which borrowing authorized.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T18_C18-4_S18-4-11.md)
- [R.I. Gen. Laws § 18-4-12 § 18-4-12. Leases authorized.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T18_C18-4_S18-4-12.md)
- [R.I. Gen. Laws § 18-4-13 § 18-4-13. Parties to management proceedings €” Guardians ad litem €” Costs.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T18_C18-4_S18-4-13.md)
- [R.I. Gen. Laws § 18-4-14 § 18-4-14. Binding effect of authorized transactions.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T18_C18-4_S18-4-14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_RI_T18_C18-4_S18-4-5. Check the current official text before relying on it. Not legal advice.