§ 18-5-4 - Exemption of funds from taxation generally.
SECTION 18-5-4
§ 18-5-4 Exemption of funds from taxationgenerally. – Except as provided in § 18-5-3, no common trust fund nor any asset of thefund, nor any trust company or national banking association by reason of itsownership or operation of the fund or asset, shall be subject to any tax now orsubsequently levied, assessed, or imposed by the state of Rhode Island, or byany city, town, or other political subdivision of the state.