§ 19-11-8. Withdrawal of deposits and claims.
During the period of the continuance of any conservatorship provided for, the director, or the director’s 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 director’s designee, may order and direct. The director, or the director’s 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 director’s designee, shall 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.