Title 19 · RI
Title 19Financial Institutions
Citation: R.I. Gen. Laws § 19-11-8
Section: 19-11-8
Title 19Financial Institutions
Chapter 11Conservatorship
R.I. Gen. Laws § 19-11-8
§ 19-11-8. Withdrawal of deposits and claims.
During the period of the continuance of any conservatorship provided for, the director, or the directorâs designee, may require the conservator to set aside and make available for withdrawal, and permit withdrawal by depositors and other creditors, any amounts or proportions of their respective deposits or claims as the director, or the directorâs designee, may order and direct. The director, or the directorâs designee, may authorize the conservator in any case to receive and permit withdrawals of new deposits, subject to any rules, regulations, limitations, and dispositions as the director, or the directorâs designee, shall prescribe.
History of Section.P.L. 1995, ch. 82, § 49.