Rhode Island § 19-14.3-3.3 § 19-14.3-3.3. Action on bond.

Rhode Island Statutes

§ 19-14.3-3.3 — § 19-14.3-3.3. Action on bond.

Rhode Island § 19-14.3-3.3

Title 19Financial institutions

Ch. 19-14.3Currency Transmissions

This text of Rhode Island § 19-14.3-3.3 (§ 19-14.3-3.3. Action on bond.) 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 § 19-14.3-3.3 (2026).

Text

§ 19-14.3-3.3. Action on bond.
Every person who has delivered or deposited money or credit to be forwarded to a foreign
            correspondent, who has acquired any judgment, debt, claim, or demand relating to the
            transaction against any person named as principal in any bond filed in accordance
            with the provisions of this chapter or the person's agents or employees, arising from
            defalcation, embezzlement, negligence, breach of contract, or violation of any duty
            required under this title, shall have a cause of action upon the bond for all damages
            sustained, and shall upon request be furnished with a certified copy of the bond by
            the director, or t

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§ 19-14.3-3.3. Action on bond.

Every person who has delivered or deposited money or credit to be forwarded to a foreign correspondent, who has acquired any judgment, debt, claim, or demand relating to the transaction against any person named as principal in any bond filed in accordance with the provisions of this chapter or the person's agents or employees, arising from defalcation, embezzlement, negligence, breach of contract, or violation of any duty required under this title, shall have a cause of action upon the bond for all damages sustained, and shall upon request be furnished with a certified copy of the bond by the director, or the director's designee, and may bring suit in the name of the obligee named in the bond for their use and benefit against the principal and surety or sureties named in the bond, and may prosecute the action to final judgment and execution; provided, that the action and its prosecution shall involve the obligee in no expense and that every action shall be commenced and sued within six (6) years after the cause of action shall accrue and not after.