§ 19-8-3. Review of application.
Upon receiving an application, the director, or the director’s designee, shall:
(1) Conduct an investigation of the competence, experience, integrity, and financial ability of each person by whom the acquisition is to be made; and
(2) Make an independent determination of the accuracy and completeness of any information prescribed.
History of Section.P.L. 1995, ch. 82, § 46.
Structure Rhode Island General Laws
Title 19 - Financial Institutions
Chapter 19-8 - Depository Change in Control Act
Section 19-8-1. - Definitions.
Section 19-8-2. - Application to director or the director’s designee.
Section 19-8-3. - Review of application.
Section 19-8-4. - Contents of application.
Section 19-8-5. - Issuance or denial of application.
Section 19-8-6. - Notice of change in control.
Section 19-8-7. - Waiver of application and hearing process in the public interest.