Rhode Island § 19-11-7 § 19-11-7. Penalties and liabilities.

Rhode Island Statutes

§ 19-11-7 — § 19-11-7. Penalties and liabilities.

Rhode Island § 19-11-7

Title 19Financial institutions

Ch. 19-11Conservatorship

This text of Rhode Island § 19-11-7 (§ 19-11-7. Penalties and liabilities.) 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 § 19-11-7 (2026).

Text

§ 19-11-7. Penalties and liabilities.
The conservator and the conservator's assistants shall be subject to the same penalties
            and liabilities to which they would be liable if the conservator were the receiver
            of a financial institution or credit union appointed in judicial proceedings in this
            state, including penalties and liabilities now established and which may be established
            by law. The conservator's liability shall be limited to the assets of the financial
            institution or credit union except for fraud or malpractice by the conservator.
         

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§ 19-11-7. Penalties and liabilities.

The conservator and the conservator's assistants shall be subject to the same penalties and liabilities to which they would be liable if the conservator were the receiver of a financial institution or credit union appointed in judicial proceedings in this state, including penalties and liabilities now established and which may be established by law. The conservator's liability shall be limited to the assets of the financial institution or credit union except for fraud or malpractice by the conservator.