§ 19-7-11. Examination of mergers and acquisitions.
The director, or the director’s designee, may make or cause to be made an examination of each bank in order to fulfill the requirements of this chapter. The total cost of these examinations shall be borne by the bank so examined and shall be governed by the same terms and conditions as the examinations of regulated institutions. In lieu of this examination, the director, or the director’s designee, may accept the report of an examination made by the equivalent supervisory official of another state, pursuant to the laws of that state.
History of Section.P.L. 1995, ch. 82, § 45.
Structure Rhode Island General Laws
Title 19 - Financial Institutions
Section 19-7-1. - Definitions.
Section 19-7-2. - Acquisitions authorized.
Section 19-7-3. - Interstate mergers of stock financial institutions.
Section 19-7-4. - Interstate mergers of mutual financial institutions.
Section 19-7-5. - General effect of merger or consolidation.
Section 19-7-6. - Interstate purchases of assets and assumptions of liabilities.
Section 19-7-7. - Powers authorized.
Section 19-7-8. - Special definitions applicable to mergers, etc.
Section 19-7-9. - Interstate branches.
Section 19-7-10. - Federally chartered institutions.