The bill amends Section 33-9-1 of the General Laws in Chapter 33-9, which pertains to the collection and management of decedents' estates. It introduces new provisions requiring every administrator and executor to submit a true inventory of the deceased's personal property and assets to the probate court within ninety days of their appointment. Additionally, it grants administrators and executors the authority to request, from any financial institution, all funds of the decedent on deposit to be provided by the financial institution to the administrator or executor on the same day of the request, without incurring any additional fees, provided they present proof of appointment and personal identification.

Furthermore, the bill empowers the Department of Business Regulation to impose penalties for violations of this section, ensuring compliance with the new regulations. The act is set to take effect upon its passage, streamlining the process for managing decedent estates and facilitating quicker access to funds for authorized individuals.

Statutes affected:
7283: 33-9-1