{"data":{"id":"us-ri/r.i.-gen.-laws-18-5-2","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 18-5-2","heading":"Definitions.","body":"(a) As used in this chapter, “affiliate” of a trust company or national banking association means a member of an affiliated group connected through stock ownership with a common parent corporation which directly or indirectly owns stock possessing at least eighty percent (80%) of the total voting power and at least eighty percent (80%) of the total value of stock of each member of the affiliated group other than the common parent corporation.\n(b) “Common trust fund” means a fund maintained by a bank or trust company exclusively for the collective investment and reinvestment of money contributed to the fund by the bank or trust company in its capacity as a trustee, executor, administrator, or guardian, or as a cotrustee, coexecutor, coadministrator, or coguardian.","path":["Title 18 Fiduciaries","Chapter 5 Common Trust Funds"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE18/18-5/18-5-2.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T19:56:07Z","sha256":"12e8ba0c25ebbbf653470a20fa200d609a553dd226abe7ebfeb9c2e1734afe98","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-18-5-1","next":"us-ri/r.i.-gen.-laws-18-5-3"},"notice":"GroundRules: Original legal text. Not legal advice."}