Rhode Island § 19-11-1 - Conservatorship
Full text of Rhode Island Rhode Island General Laws § 19-11-1 — Conservatorship, with citation guidance and answers to common questions.
§ 19-11-1. Conservatorship
R.I. Gen. Laws § 19-11-1
§ 19-11-1. Appointment of conservator on application by stockholders or directors.
Whenever any financial institution or credit union shall petition the director for the appointment of a conservator of its property, assets, and affairs for the benefit of its depositors and other creditors, and in order to provide an opportunity for a reorganization of its affairs, the director is authorized and empowered to appoint himself or herself or a deputy a conservator of that financial institution or credit union, the petition in each case to be made in pursuance of a vote adopted by a majority of the board of directors or under the same conditions that could allow the director to petition the court for the appointment of a receiver.
History of Section.
P.L. 1995, ch. 82, § 49.
Frequently Asked Questions About Rhode Island § 19-11-1
What does Rhode Island General Laws § 19-11-1 cover?
Section 19-11-1 ("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 § 19-11-1?
A common citation format is "Rhode Island General Laws § 19-11-1" (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 § 19-11-1 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.