Rhode Island § 19-10-4 § 19-10-4. Delivery of unclaimed funds and property to general treasurer.

Rhode Island Statutes

§ 19-10-4 — § 19-10-4. Delivery of unclaimed funds and property to general treasurer.

Rhode Island § 19-10-4

Title 19Financial institutions

Ch. 19-10Voluntary Liquidation

This text of Rhode Island § 19-10-4 (§ 19-10-4. Delivery of unclaimed funds and property to general treasurer.) 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 § 19-10-4 (2026).

Text

§ 19-10-4. Delivery of unclaimed funds and property to general treasurer.
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 time of the commencement of payment of that dividend, or whenever
            no dividend has been declared by the receiver of any insolvent financial institution
            or credit union within three (3) years of the commencement of receivership, it shall
            be lawful for any receiver or officer or agent, at any time thereaf

Free access — add to your briefcase to read the full text and ask questions with AI

§ 19-10-4. Delivery of unclaimed funds and property to general treasurer.

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 time of the commencement of payment of that dividend, or whenever no dividend has been declared by the receiver of any insolvent financial institution or credit union within three (3) years of the commencement of receivership, it shall be lawful for any receiver or officer or agent, at any time thereafter, upon the allowance of his or her account by the superior court, or in the case of voluntary liquidation upon the allowance by the financial institution or credit union, and upon the order of the court or the financial institution or credit union, to pay over all the funds of the financial institution or credit union remaining in his or her hands, whether arising from unclaimed dividends or otherwise, to the general treasurer of this state to be deposited in the general treasury and to deliver all the remaining property of the financial institution or credit union to the general treasurer, upon his or her receipt for it and upon payment and delivery, the powers, obligations, duties, and liabilities of the receiver or officer or agent shall terminate.