Rhode Island § 19-13-10 § 19-13-10. Emergency powers of the director.

Rhode Island Statutes

§ 19-13-10 — § 19-13-10. Emergency powers of the director.

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

§ 19-13-10. Emergency powers of the director.
In the interest of the protection of depositors in financial institutions or credit
            unions, the director is authorized to waive, in whole or in part, any provisions of
            this title relating to public hearings and/or public notice that would hinder or prevent
            the merger, consolidation, purchase of assets and assumption of liabilities, or other
            acquisition of a financial institution or credit union that is in danger of insolvency
            or that has been closed by the proclamation of a banking emergency in accordance with
            the provisions of this chapter. All waivers shall be made public as to the final decision
     

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§ 19-13-10. Emergency powers of the director.

In the interest of the protection of depositors in financial institutions or credit unions, the director is authorized to waive, in whole or in part, any provisions of this title relating to public hearings and/or public notice that would hinder or prevent the merger, consolidation, purchase of assets and assumption of liabilities, or other acquisition of a financial institution or credit union that is in danger of insolvency or that has been closed by the proclamation of a banking emergency in accordance with the provisions of this chapter. All waivers shall be made public as to the final decision or disposition within ninety (90) days after the waiver is granted.

Rhode Island § 19-13-10 (§ 19-13-10. Emergency powers of the director.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.