Rhode Island § 19-10-2 § 19-10-2. Notice of liquidation.

Rhode Island Statutes

§ 19-10-2 — § 19-10-2. Notice of liquidation.

Rhode Island § 19-10-2

Title 19Financial institutions

Ch. 19-10Voluntary Liquidation

This text of Rhode Island § 19-10-2 (§ 19-10-2. Notice of liquidation.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 19-10-2 (2026).

Text

§ 19-10-2. Notice of liquidation.
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 director's designee. If the director, or the director's designee,
            approves of the act of the financial institution or credit union, he or she shall
            certify the decision upon the certificate setting forth the vote of the financial
            institution or credit union. The financial institution or credit union shall then
            publish a notice se

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§ 19-10-2. Notice of liquidation.

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 director's designee. If the director, or the director's designee, approves of the act of the financial institution or credit union, he or she shall certify the decision upon the certificate setting forth the vote of the financial institution or credit union. The financial institution or credit union shall then publish a notice setting forth the vote and notifying creditors to present their claims against the financial institution or credit union for payment, which notice shall be published once each week for eight (8) successive weeks in a newspaper of general circulation in which the financial institution or credit union is located.