Rhode Island § 27-1-44 § 27-1-44. Prohibition on the pledging of stock.

Rhode Island Statutes

§ 27-1-44 — § 27-1-44. Prohibition on the pledging of stock.

Rhode Island § 27-1-44

Title 27Insurance

Ch. 27-1Domestic Insurance Companies

This text of Rhode Island § 27-1-44 (§ 27-1-44. Prohibition on the pledging of stock.) 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 § 27-1-44 (2026).

Text

§ 27-1-44. Prohibition on the pledging of stock.
No domestic insurance company, and no holding company as defined in § 27-35-1(6), shall pledge its own stock, or any stock of any domestic insurance company subsidiary,
            without the prior written consent of the director of business regulation. The provisions
            of this section shall not apply to any of these pledges in effect prior to August
            5, 1996.
         

Free access — add to your briefcase to read the full text and ask questions with AI

§ 27-1-44. Prohibition on the pledging of stock.

No domestic insurance company, and no holding company as defined in § 27-35-1(6), shall pledge its own stock, or any stock of any domestic insurance company subsidiary, without the prior written consent of the director of business regulation. The provisions of this section shall not apply to any of these pledges in effect prior to August 5, 1996.