Rhode Island § 19-12-3 § 19-12-3. Clerical assistance — Legal assistance.

Rhode Island Statutes

§ 19-12-3 — § 19-12-3. Clerical assistance — Legal assistance.

Rhode Island § 19-12-3

Title 19Financial institutions

Ch. 19-12Receivership

This text of Rhode Island § 19-12-3 (§ 19-12-3. Clerical assistance — Legal assistance.) 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 § 19-12-3 (2026).

Text

§ 19-12-3. Clerical assistance — Legal assistance.
The receiver, or receivers, are authorized to employ any clerical assistance as may
            be necessary, at the expense of the financial institution or credit union under receivership;
            but the duties of receivership shall be discharged by the receiver, or receivers,
            as part of their official duties. The receiver may appoint one or more special deputies
            to act for him or her, and may appoint clerks, assistants, agents, accountants, and
            legal counsel as he or she deems necessary. The receiver may grant powers of attorney
            to execute, acknowledge, and deliver all documents that may be necessary for the transfe

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

§ 19-12-3. Clerical assistance — Legal assistance.

The receiver, or receivers, are authorized to employ any clerical assistance as may be necessary, at the expense of the financial institution or credit union under receivership; but the duties of receivership shall be discharged by the receiver, or receivers, as part of their official duties. The receiver may appoint one or more special deputies to act for him or her, and may appoint clerks, assistants, agents, accountants, and legal counsel as he or she deems necessary. The receiver may grant powers of attorney to execute, acknowledge, and deliver all documents that may be necessary for the transfer of assets or assumption of liabilities. The compensation of the persons appointed by the receiver and the expenses of taking possession of the financial institution or credit union and conducting the receivership proceeding, shall be fixed by the receiver, and shall be paid out of the funds or assets of the financial institution or credit union.