The provisions of this chapter shall apply to any financial institution:
(1) Authorized by its agreement to form to exercise trust powers;(2) Permitted to exercise such powers by laws of this state applicable to that financial institution on or before December 31, 1994; and(3) To any bank or trust company duly organized under the laws of and carrying on business in another state that has established a trust branch office in this state subject to the provisions of § 19-3.1-6.R.I. Gen. Laws § 19-3.1-1
P.L. 1995, ch. 82, § 41; P.L. 2003, ch. 174, § 2; P.L. 2003, ch. 178, § 2.