™Your Policy Risk Impact Agent
57 chapters · 488 sections in this title.
R.I. Gen. Laws § 19-10-1. Power to liquidate — Appointment of agent
0.6K chars
Any financial institution or credit union that is solvent may, subject to the approval of the director, or the director’s designee, liquidate and be closed by a vote of its stockholders owning two thirds (⅔) of its capital stock or, in the case of a mutually owned savings bank, t…
R.I. Gen. Laws § 19-10-2. Notice of liquidation
0.9K chars
Whenever a vote is taken to go into liquidation, it shall be the duty of the board of directors or trustees to cause notice of this fact to be certified, under the seal of the financial institution or credit union, by its president, cashier, or treasurer, to the director, or the …
R.I. Gen. Laws § 19-10-3. Application of receivership provisions — Powers of court
0.4K chars
During the period of the liquidation, the financial institution or credit union shall be subject to the same provisions provided in this title for the regulation of financial institutions or credit unions in the hands of receivers. Nothing in this chapter shall be construed to ab…
R.I. Gen. Laws § 19-10-4. Delivery of unclaimed funds and property to general treasurer
1.3K chars
Whenever the final dividend in liquidation shall be declared by any receiver or officer or agent of any financial institution or credit union, now or hereafter in the hands of a receiver or officer or agent for the purposes of liquidation, and two (2) years shall elapse from the …
