§ 19-7-7. Powers authorized.
If organized under laws other than the laws of this state, a successor bank or purchasing bank shall have and may exercise within this state the powers and privileges granted to financial institutions. A successor financial institution or purchasing financial institution shall have and may exercise in this state the powers and privileges granted to it under the laws of this state, and, in any state under the laws of which one or more of its predecessor banks was organized or in which it operates a branch, the powers and privileges granted to it under the laws of that state or states.
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.