(a)  This chapter applies to:

(1)  A fiduciary acting under a will or power of attorney executed before, on, or after July 15, 2019;

(2)  A personal representative acting for a decedent who died before, on, or after July 15, 2019;

(3)  A guardian or conservator appointed before, on, or after July 15, 2019; and

(4)  A trustee acting under a trust created before, on, or after July 15, 2019.

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Terms Used In Rhode Island General Laws 33-27.1-3

  • Decedent: A deceased person.
  • Fiduciary: A trustee, executor, or administrator.
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • Trustee: A person or institution holding and administering property in trust.

(b)  This chapter applies to a custodian if the user resides in this state or resided in this state at the time of the user’s death.

(c)  This chapter does not apply to a digital asset of an employer used by an employee in the ordinary course of the employer’s business.

History of Section.
P.L. 2019, ch. 200, § 2; P.L. 2019, ch. 262, § 2.