R.I. Gen. Laws § 44-23-34 — Permit required for transfer of securities of resident decedent

No banking association organized under the laws of the United States and located within
this state, no corporation incorporated within this state, and no incorporated association
or joint stock company or business trust having certificates representing shares of
stock and carrying on business in this state, shall record a transfer of its stock
made by any executor, administrator, or trustee of a resident decedent or issue a
new certificate for any share of its stock at the instance of the executor, administrator,
or trustee, until a permit authorizing the transfer is issued by the tax administrator
and filed with the corporation, association, company or trust. Any corporation, association,
company, or trust making a transfer before a permit authorizing the transfer is issued
is liable for the amount of any tax which may be assessed on account of the bequest
or gift of the stock, bond or other evidence of indebtedness, together with its interest,
to be collected in an action brought in the name of the tax administrator.