Rhode Island § 19-4-10 § 19-4-10. Insurance of deposits.

Rhode Island Statutes

§ 19-4-10 — § 19-4-10. Insurance of deposits.

Rhode Island § 19-4-10

Title 19Financial institutions

Ch. 19-4Regulatory Oversight

This text of Rhode Island § 19-4-10 (§ 19-4-10. Insurance of deposits.) 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 § 19-4-10 (2026).

Text

§ 19-4-10. Insurance of deposits.
Any regulated institution permitted by law to receive deposits, except a financial
            institution prevented from accepting deposits by its bylaws or agreement to form,
            shall maintain federal deposit insurance. Failure to maintain federal deposit insurance
            shall be deemed sufficient cause for the director, or the director's designee, to
            revoke the agreement to form or right to do business of the noncomplying regulated
            institution.
         

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§ 19-4-10. Insurance of deposits.

Any regulated institution permitted by law to receive deposits, except a financial institution prevented from accepting deposits by its bylaws or agreement to form, shall maintain federal deposit insurance. Failure to maintain federal deposit insurance shall be deemed sufficient cause for the director, or the director's designee, to revoke the agreement to form or right to do business of the noncomplying regulated institution.