§ 19-8-6. Notice of change in control.
Whenever a change in control occurs, each regulated institution shall report promptly to the appropriate banking regulator any change or replacement of its chief executive officer or any directors occurring in the next twelve-month (12) period. The report shall contain a statement of the past and current business and professional affiliations of the new chief executive officer or directors.
History of Section.P.L. 1995, ch. 82, § 46; P.L. 1997, ch. 98, § 7.
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.