Rhode Island § 19-12-2 § 19-12-2. Appointment and powers of receiver.

Rhode Island Statutes

§ 19-12-2 — § 19-12-2. Appointment and powers of receiver.

Rhode Island § 19-12-2

Title 19Financial institutions

Ch. 19-12Receivership

This text of Rhode Island § 19-12-2 (§ 19-12-2. Appointment and powers of receiver.) 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 § 19-12-2 (2026).

Text

§ 19-12-2. Appointment and powers of receiver.
The court may appoint, without bond, the director, or one of the director's deputies,
            or both, as the receiver or receivers to take possession of the property and effects
            of the financial institution or credit union, subject to any directions prescribed
            by the court, and this appointment shall vest in the receiver or receivers all the
            right, title and interest of the financial institution or credit union in and to its
            property and effects, and shall vacate and dissolve all attachments or liens thereon,
            created by, or obtained in, or pursuant to, any suit or proceeding at law or in equity
            aga

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§ 19-12-2. Appointment and powers of receiver.

The court may appoint, without bond, the director, or one of the director's deputies, or both, as the receiver or receivers to take possession of the property and effects of the financial institution or credit union, subject to any directions prescribed by the court, and this appointment shall vest in the receiver or receivers all the right, title and interest of the financial institution or credit union in and to its property and effects, and shall vacate and dissolve all attachments or liens thereon, created by, or obtained in, or pursuant to, any suit or proceeding at law or in equity against the financial institution or credit union that was begun within four (4) months before the appointment of the receiver or receivers.