Rhode Island § 19-12-5 § 19-12-5. Injunction to restrain carrying on of business.

Rhode Island Statutes

§ 19-12-5 — § 19-12-5. Injunction to restrain carrying on of business.

Rhode Island § 19-12-5

Title 19Financial institutions

Ch. 19-12Receivership

This text of Rhode Island § 19-12-5 (§ 19-12-5. Injunction to restrain carrying on of business.) 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 § 19-12-5 (2026).

Text

§ 19-12-5. Injunction to restrain carrying on of business.
If any financial institution or credit union appears to have exceeded its powers or
            failed to comply with any provisions of law, the director may apply to the superior
            court for the county in which that financial institution or credit union is conducting
            its business for an injunction to restrain the financial institution or credit union,
            in whole or in part, from further proceeding with its business, and the court shall
            have jurisdiction in equity of the application.
         

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§ 19-12-5. Injunction to restrain carrying on of business.

If any financial institution or credit union appears to have exceeded its powers or failed to comply with any provisions of law, the director may apply to the superior court for the county in which that financial institution or credit union is conducting its business for an injunction to restrain the financial institution or credit union, in whole or in part, from further proceeding with its business, and the court shall have jurisdiction in equity of the application.