Rhode Island § 19-7-7 § 19-7-7. Powers authorized.

Rhode Island Statutes

§ 19-7-7 — § 19-7-7. Powers authorized.

Rhode Island § 19-7-7

Title 19Financial institutions

Ch. 19-7Interstate Banking, Interstate Branching and Bank Holding Company Mergers and Acquisitions

This text of Rhode Island § 19-7-7 (§ 19-7-7. Powers authorized.) 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 § 19-7-7 (2026).

Text

§ 19-7-7. Powers authorized.
If organized under laws other than the laws of this state, a successor bank or purchasing
            bank shall have and may exercise within this state the powers and privileges granted
            to financial institutions. A successor financial institution or purchasing financial
            institution shall have and may exercise in this state the powers and privileges granted
            to it under the laws of this state, and, in any state under the laws of which one
            or more of its predecessor banks was organized or in which it operates a branch, the
            powers and privileges granted to it under the laws of that state or states.
         

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§ 19-7-7. Powers authorized.

If organized under laws other than the laws of this state, a successor bank or purchasing bank shall have and may exercise within this state the powers and privileges granted to financial institutions. A successor financial institution or purchasing financial institution shall have and may exercise in this state the powers and privileges granted to it under the laws of this state, and, in any state under the laws of which one or more of its predecessor banks was organized or in which it operates a branch, the powers and privileges granted to it under the laws of that state or states.