Rhode Island § 19-4-13 § 19-4-13. Continuance of business after suspension prohibited.

Rhode Island Statutes

§ 19-4-13 — § 19-4-13. Continuance of business after suspension prohibited.

Rhode Island § 19-4-13

Title 19Financial institutions

Ch. 19-4Regulatory Oversight

This text of Rhode Island § 19-4-13 (§ 19-4-13. Continuance of business after suspension prohibited.) 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 § 19-4-13 (2026).

Text

§ 19-4-13. Continuance of business after suspension prohibited.
After suspension of the right of a regulated institution to do business, the regulated
            institution affected shall cease to have any right to continue its business, except
            for the purpose of winding up the affairs of the regulated institution. Any officers,
            directors, or agents of the regulated institution thereafter selling shares of the
            regulated institution, or soliciting business for the regulated institution, shall
            be guilty of a misdemeanor, and upon conviction thereof shall be fined not more than
            one thousand dollars ($1,000) for each offense.
         

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§ 19-4-13. Continuance of business after suspension prohibited.

After suspension of the right of a regulated institution to do business, the regulated institution affected shall cease to have any right to continue its business, except for the purpose of winding up the affairs of the regulated institution. Any officers, directors, or agents of the regulated institution thereafter selling shares of the regulated institution, or soliciting business for the regulated institution, shall be guilty of a misdemeanor, and upon conviction thereof shall be fined not more than one thousand dollars ($1,000) for each offense.