§ 19-12-5. Injunction to restrain carrying on of business.
If any financial institution or credit union appears to have exceeded its powers or failed to comply with any provisions of law, the director may apply to the superior court for the county in which that financial institution or credit union is conducting its business for an injunction to restrain the financial institution or credit union, in whole or in part, from further proceeding with its business, and the court shall have jurisdiction in equity of the application.
History of Section.P.L. 1995, ch. 82, § 50.
Structure Rhode Island General Laws
Title 19 - Financial Institutions
Section 19-12-1. - Application for receivership.
Section 19-12-2. - Appointment and powers of receiver.
Section 19-12-3. - Clerical assistance — Legal assistance.
Section 19-12-4. - Schedule of property given to receiver.
Section 19-12-5. - Injunction to restrain carrying on of business.
Section 19-12-6. - Legislative findings.
Section 19-12-7. - Priority of claims.
Section 19-12-8. - Priority of claims — Federally insured financial institutions or credit unions.
Section 19-12-9. - Payment of certain priority claims.
Section 19-12-10. - Automatic stay.
Section 19-12-11. - Additional powers of receiver.
Section 19-12-13. - Agreements against interest of the financial institution or credit union.
Section 19-12-14. - Presumptions.