Rhode Island § 42-116-29 § 42-116-29. Inapplicability of certain laws.

Rhode Island Statutes

§ 42-116-29 — § 42-116-29. Inapplicability of certain laws.

Rhode Island § 42-116-29

Title 42State Affairs and Government

Ch. 42-116Rhode Island Depositors Economic Protection Corporation

This text of Rhode Island § 42-116-29 (§ 42-116-29. Inapplicability of certain laws.) 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 § 42-116-29 (2026).

Text

§ 42-116-29. Inapplicability of certain laws.
(a) The corporation is authorized and empowered to acquire and to dispose of real property
            without the necessity of obtaining the approval of the state properties committee
            or otherwise complying with the provisions of chapter 6 of title 37.
         
(b) Nothing in this statute or in the activities of the corporation constitutes a state
            mandate within the meaning of § 45-13-7 et seq.
         
(c) Employees of the corporation are not, by reason of that employment, deemed to be employees
            of the state for any purpose, any other provision of the ge

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§ 42-116-29. Inapplicability of certain laws.

(a) The corporation is authorized and empowered to acquire and to dispose of real property without the necessity of obtaining the approval of the state properties committee or otherwise complying with the provisions of chapter 6 of title 37.

(b) Nothing in this statute or in the activities of the corporation constitutes a state mandate within the meaning of § 45-13-7 et seq.

(c) Employees of the corporation are not, by reason of that employment, deemed to be employees of the state for any purpose, any other provision of the general laws to the contrary notwithstanding, including without limiting the generality of the foregoing, titles 28 and 36.

(d) Neither the corporation nor its board of directors are exempt from the provisions of chapter 2 of title 38, or chapter 46 of this title.

(e) The corporation establishes internal purchasing procedures consistent with the provisions of chapter 2 of title 37.

(f) The corporation is authorized and empowered to acquire the assets of an eligible institution, dispose of those assets, and assume liabilities of an eligible institution without the necessity of complying with the provisions of title 37.