§ 19-11-11. Termination of conservatorship.
If the director, or the director’s designee, shall at any time be satisfied that the further continuance of any conservatorship is no longer necessary or desirable, the director, or the director’s designee, may terminate the conservatorship and direct the conservator to surrender possession of all property then in the conservator’s 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 director’s designee, may prescribe.
History of Section.P.L. 1995, ch. 82, § 49.
Structure Rhode Island General Laws
Title 19 - Financial Institutions
Chapter 19-11 - Conservatorship
Section 19-11-1. - Appointment of conservator on application by stockholders or directors.
Section 19-11-2. - Removal of conservator — Vacancies.
Section 19-11-3. - Employment of assistance by conservator.
Section 19-11-5. - Creditors’ rights as in receivership.
Section 19-11-6. - Collection of assets — Continuation of business — General powers of conservator.
Section 19-11-7. - Penalties and liabilities.
Section 19-11-8. - Withdrawal of deposits and claims.
Section 19-11-9. - Rules as to new deposits.
Section 19-11-10. - Payment of expense of conservatorship.
Section 19-11-11. - Termination of conservatorship.