Rhode Island § 19-11-5 § 19-11-5. Creditors' rights as in receivership.

Rhode Island Statutes

§ 19-11-5 — § 19-11-5. Creditors' rights as in receivership.

Rhode Island § 19-11-5

Title 19Financial institutions

Ch. 19-11Conservatorship

This text of Rhode Island § 19-11-5 (§ 19-11-5. Creditors' rights as in receivership.) 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 § 19-11-5 (2026).

Text

§ 19-11-5. Creditors' rights as in receivership.
During the time that any conservator remains in charge of the property and affairs
            of any financial institution or credit union in accordance with the provisions of
            this chapter, the rights of creditors and all other parties in respect to bringing
            and prosecuting suits and proceedings against the financial institution or credit
            union and the conservator, except as otherwise provided in this chapter, shall be
            the same as if the conservator was a receiver of the property and affairs of that
            financial institution or credit union duly appointed and qualified in and by appropriate
            judicial proc

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§ 19-11-5. Creditors' rights as in receivership.

During the time that any conservator remains in charge of the property and affairs of any financial institution or credit union in accordance with the provisions of this chapter, the rights of creditors and all other parties in respect to bringing and prosecuting suits and proceedings against the financial institution or credit union and the conservator, except as otherwise provided in this chapter, shall be the same as if the conservator was a receiver of the property and affairs of that financial institution or credit union duly appointed and qualified in and by appropriate judicial proceedings instituted for that purpose.