Title 19 · RI
Title 19Financial Institutions
Citation: R.I. Gen. Laws § 19-11-11
Section: 19-11-11
Title 19Financial Institutions
Chapter 11Conservatorship
R.I. Gen. Laws § 19-11-11
§ 19-11-11. Termination of conservatorship.
If the director, or the directorâs designee, shall at any time be satisfied that the further continuance of any conservatorship is no longer necessary or desirable, the director, or the directorâs designee, may terminate the conservatorship and direct the conservator to surrender possession of all property then in the conservatorâs possession to the financial institution or credit union, and permit it to resume business, all upon the terms, conditions, restrictions, and limitations as the director, or the directorâs designee, may prescribe.
History of Section.P.L. 1995, ch. 82, § 49.