Rhode Island § 19-3-12 - Powers and Operations
Full text of Rhode Island Rhode Island General Laws § 19-3-12 — Powers and Operations, with citation guidance and answers to common questions.
§ 19-3-12. Powers and Operations
R.I. Gen. Laws § 19-3-12
§ 19-3-12. Authorized reserve agents.
Reserve agents shall only include financial institutions or national banking associations in, and members of the clearing house association of, the city of Providence; and national banks, federally insured corporate central credit unions located within the six (6) New England states, and banks or trust companies incorporated by the state in which they are located, and that are approved by the director, or the director’s designee, and that are members of the Federal Reserve System, or that maintain the reserve required by the Federal Reserve Act, 12 U.S.C. § 221 et seq., in the manner provided by that act.
History of Section.
P.L. 1995, ch. 82, § 40.
Frequently Asked Questions About Rhode Island § 19-3-12
What does Rhode Island General Laws § 19-3-12 cover?
Section 19-3-12 ("Powers and Operations") 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 § 19-3-12?
A common citation format is "Rhode Island General Laws § 19-3-12" (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 § 19-3-12 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.