Rhode Island § 19-12-14 - Receivership
Full text of Rhode Island Rhode Island General Laws § 19-12-14 — Receivership, with citation guidance and answers to common questions.
§ 19-12-14. Receivership
R.I. Gen. Laws § 19-12-14
§ 19-12-14. Presumptions.
With respect to any financial institution or credit union to which a receivership proceeding is commenced pursuant to the provisions of this chapter, any member of its governing body or officer who votes or takes any action solely to approve or authorize the commencement of the proceeding or to accept service of citation or other process; to admit or cause to be admitted the allegations of any complaint or petition commencing the proceeding; or to consent to or join in the request for relief contained therein, shall be conclusively presumed to have taken the action in good faith, in the exercise of a reasonable business judgment, and in the best interests of the financial institution or credit union, its depositors, or other creditors.
History of Section.
P.L. 1995, ch. 82, § 50.
Frequently Asked Questions About Rhode Island § 19-12-14
What does Rhode Island General Laws § 19-12-14 cover?
Section 19-12-14 ("Receivership") 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 § 19-12-14?
A common citation format is "Rhode Island General Laws § 19-12-14" (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 § 19-12-14 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.