Rhode Island § 42-116-15 - Rhode Island Depositors Economic Protection Corporation
Full text of Rhode Island Rhode Island General Laws § 42-116-15 — Rhode Island Depositors Economic Protection Corporation, with citation guidance and answers to common questions.
§ 42-116-15. Rhode Island Depositors Economic Protection Corporation
R.I. Gen. Laws § 42-116-15
§ 42-116-15. Bonds eligible for investment.
Bonds issued by the corporation under this chapter are made securities in which all public officers and agencies of the state and its political subdivisions, all insurance companies, trust companies in their commercial departments, savings banks, cooperative banks, banking associations, investment companies, executors, administrators, trustees, and other fiduciaries may properly invest funds, including capital in their control or belonging to them. These bonds are made securities which may properly be deposited with and received by any state or municipal officer of any corporation or political subdivision of the state for any purpose for which the deposit of bonds or obligations of the state or any political subdivision is now or may hereafter be authorized by law.
History of Section.
P.L. 1991, ch. 3, § 4.
Source: official Rhode Island text · Last verified 2026-08-27
Frequently Asked Questions About Rhode Island § 42-116-15
What does Rhode Island General Laws § 42-116-15 cover?
Section 42-116-15 ("Rhode Island Depositors Economic Protection Corporation") 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 § 42-116-15?
A common citation format is "Rhode Island General Laws § 42-116-15" (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 § 42-116-15 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.