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57 chapters · 488 sections in this title.
R.I. Gen. Laws § 19-7-6. Interstate purchases of assets and assumptions of liabilities
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(a) In addition to any other power granted under the laws of this state, a financial institution may, with the approval of the director, or the director’s designee, purchase all or part of the assets of, and assume all or part of the liabilities of, an out-of-state bank and opera…
R.I. Gen. Laws § 19-7-7. Powers authorized
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If organized under laws other than the laws of this state, a successor bank or purchasing bank shall have and may exercise within this state the powers and privileges granted to financial institutions. A successor financial institution or purchasing financial institution shall ha…
R.I. Gen. Laws § 19-7-8. Special definitions applicable to mergers, etc
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For purposes of this chapter: (1) The surviving or new bank resulting from a merger or consolidation, as the case may be, shall be called the “successor financial institution” or “successor bank”, as applicable; (2) Each bank discontinuing its corporate existence pursuant to a me…
R.I. Gen. Laws § 19-7-9. Interstate branches
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Upon obtaining the consent of the director, or the director’s designee, a financial institution may establish a branch, or branches, outside of this state and an out-of-state bank may establish a branch, or branches, within this state; provided that, in the case of an out-of-stat…
