Title 19 · RI

Title 19Financial Institutions

Citation: R.I. Gen. Laws § 19-8-3

Section: 19-8-3

Title 19Financial Institutions

Chapter 8Depository Change in Control Act

R.I. Gen. Laws § 19-8-3

§ 19-8-3. Review of application.

Upon receiving an application, the director, or the director’s designee, shall:

(1) Conduct an investigation of the competence, experience, integrity, and financial ability of each person by whom the acquisition is to be made; and

(2) Make an independent determination of the accuracy and completeness of any information prescribed.

History of Section.P.L. 1995, ch. 82, § 46.