§ 19-8-7. Waiver of application and hearing process in the public interest.
The application process and public hearing requirement may be waived by the director, or the director’s designee, in writing, when, in the public interest, the change in control results from any regulatory action in order to prevent a probable failure or default of the regulated institution.
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.