230 R.I. Code R. 230-RICR-20-45-5.5
In determining, for the purpose of R.I. Gen. Laws § 27-1-29 whether a person is the beneficial owner, directly or indirectly, of more than ten percent (10%) of any class of any equity security of an issuer such class shall be deemed to consist of the total amount of such class outstanding, exclusive of any securities of such class held by or for the account of the issuer or a subsidiary of the issuer: except that for the purpose of determining percentage ownership of voting trust certificates or certificates of deposit for equity securities, the class voting trust certificates or certificates of deposit shall be deemed to consist of the amount of voting trust certificates or certificates of deposit issuable with respect to the total amount of outstanding equity securities of the class which may be deposited under the voting trust agreement or deposit agreement is question, whether or not all of such outstanding securities have been so deposited For the purpose of this rule a person acting in good faith may rely on the information contained in the latest Convention Form Statement filed with the Commissioner, with respect to the amount of securities of a class outstanding or in the case of voting trust certificates or certificates of deposit the amount thereof issuable.
230 R.I. Code R. 230-RICR-20-45-5.5