Rhode Island § 19-12-2 - Receivership
Full text of Rhode Island Rhode Island General Laws § 19-12-2 — Receivership, with citation guidance and answers to common questions.
§ 19-12-2. Receivership
R.I. Gen. Laws § 19-12-2
§ 19-12-2. Appointment and powers of receiver.
The court may appoint, without bond, the director, or one of the director’s deputies, or both, as the receiver or receivers to take possession of the property and effects of the financial institution or credit union, subject to any directions prescribed by the court, and this appointment shall vest in the receiver or receivers all the right, title and interest of the financial institution or credit union in and to its property and effects, and shall vacate and dissolve all attachments or liens thereon, created by, or obtained in, or pursuant to, any suit or proceeding at law or in equity against the financial institution or credit union that was begun within four (4) months before the appointment of the receiver or receivers.
History of Section.
P.L. 1995, ch. 82, § 50.
Frequently Asked Questions About Rhode Island § 19-12-2
What does Rhode Island General Laws § 19-12-2 cover?
Section 19-12-2 ("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 § 19-12-2?
A common citation format is "Rhode Island General Laws § 19-12-2" (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 § 19-12-2 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.