Rhode Island § 19-11-9 - Conservatorship
Full text of Rhode Island Rhode Island General Laws § 19-11-9 — Conservatorship, with citation guidance and answers to common questions.
§ 19-11-9. Conservatorship
R.I. Gen. Laws § 19-11-9
§ 19-11-9. Rules as to new deposits.
Whenever the period of conservatorship provided for in this chapter has been terminated and the financial institution or credit union is permitted to resume business in accordance with this chapter, or whenever a receiver of the property of the financial institution or credit union has been appointed in accordance with law, the new deposits that may have been received shall be disposed of or held for the persons entitled to them in any manner that the director, or the director’s designee, shall prescribe, unless and except as the persons entitled to those deposits have withdrawn the deposits within fifteen (15) days after the conservator has given written notice to them of the opportunity to withdraw those deposits. The conservator shall give this written notice and opportunity at any time and in any manner that the director, or the director’s designee, shall prescribe.
History of Section.
P.L. 1995, ch. 82, § 49.
Frequently Asked Questions About Rhode Island § 19-11-9
What does Rhode Island General Laws § 19-11-9 cover?
Section 19-11-9 ("Conservatorship") is part of the Rhode Island General Laws, the codified statutory law of Rhode Island. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Rhode Island § 19-11-9?
A common citation format is "Rhode Island General Laws § 19-11-9" (Rhode Island). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Rhode Island law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Rhode Island official source linked on this page or consult a licensed Rhode Island attorney.
How does Rhode Island § 19-11-9 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Rhode Island can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Rhode Island.