Rhode Island § 19-13-1 § 19-13-1. Proclamation of emergency.

Rhode Island Statutes

§ 19-13-1 — § 19-13-1. Proclamation of emergency.

Rhode Island·Title 19 Financial institutions·Ch. 19-13 Banking Emergencies

§ 19-13-1. Proclamation of emergency.
The governor may proclaim that a banking emergency exists when it appears necessary
            to protect the public and the interests of those regulated institutions or of the
            shareholders, depositors, or other creditors of those regulated institutions. Thereupon,
            any or all of the regulated institutions shall be subject to special regulation by
            the director, until the governor, by like proclamation, declares the period of banking
            emergency terminated. Any action taken or order issued by the director in any of the
            following sections in this chapter shall, in each instance, be taken only with the
            approval of th

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§ 19-13-1. Proclamation of emergency.

The governor may proclaim that a banking emergency exists when it appears necessary to protect the public and the interests of those regulated institutions or of the shareholders, depositors, or other creditors of those regulated institutions. Thereupon, any or all of the regulated institutions shall be subject to special regulation by the director, until the governor, by like proclamation, declares the period of banking emergency terminated. Any action taken or order issued by the director in any of the following sections in this chapter shall, in each instance, be taken only with the approval of the governor.

Rhode Island § 19-13-1 (§ 19-13-1. Proclamation of emergency.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.