§ 42-14-6 — § 42-14-6. Restrictions on interests of superintendents.

§ 42-14-6. Restrictions on interests of superintendents.

The superintendents of banking and insurance shall not engage in any other business or be an officer of or directly or indirectly interested in any national bank doing business in this state, or in any bank, savings bank, or trust company organized under the laws of this state, nor be directly or indirectly interested in any corporation, business, or occupation that requires the superintendent's official supervision; absent compliance with § 42-14-6.1, no superintendent shall become indebted to any bank, savings bank, or trust company organized under the laws of this state, nor shall the superintendent engage or be interested in the sale of securities as a business, or in the negotiation of loans for others.

Legislative History

P.L. 1908, ch. 1590, § 30; G.L. 1909, ch. 233, § 2; G.L. 1923, ch. 274, § 2; G.L. 1938, ch. 127, § 2; impl. am. P.L. 1939, ch. 660, § 122; G.L. 1956, § 42-14-6; P.L. 2018, ch. 47, art. 3, § 8.