Rhode Island § 27-1-8 § 27-1-8. Return of deposit on termination of business.

Rhode Island Statutes

§ 27-1-8 — § 27-1-8. Return of deposit on termination of business.

Rhode Island·Title 27 Insurance·Ch. 27-1 Domestic Insurance Companies

§ 27-1-8. Return of deposit on termination of business.
Whenever any insurance company that has deposited stocks or other securities with
            the general treasurer desires to relinquish its business, the general treasurer shall,
            on application of the company, under the oath of the president or principal officer
            and secretary, give notice of that intention in two (2) newspapers published in this
            state, to be inserted at least twice a week for six (6) months. After the publication,
            the general treasurer, on being satisfied by an examination of the books and of the
            officers of the company under oath that all of its debts and liabilities are paid
          

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

§ 27-1-8. Return of deposit on termination of business.

Whenever any insurance company that has deposited stocks or other securities with the general treasurer desires to relinquish its business, the general treasurer shall, on application of the company, under the oath of the president or principal officer and secretary, give notice of that intention in two (2) newspapers published in this state, to be inserted at least twice a week for six (6) months. After the publication, the general treasurer, on being satisfied by an examination of the books and of the officers of the company under oath that all of its debts and liabilities are paid or extinguished upon any contract or agreement, shall deliver up to the company from whom the general treasurer received the securities, the stocks or other securities held by the general treasurer belonging to the company.

Rhode Island § 27-1-8 (§ 27-1-8. Return of deposit on termination of business.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.