§ 35-10.1-4. Substitution of collateral.
A qualified depository institution may substitute insurance or different forms of collateral from time to time without notice to the public depositor or the commission; provided, that any substitute collateral constitutes eligible collateral; and provided, further, that no substitution of insurance or collateral shall cause the depository institution to cease being a qualified depository institution.
History of Section.P.L. 1991, ch. 44, art. 74, § 1.
Structure Rhode Island General Laws
Chapter 35-10.1 - Collateralization of Public Deposits
Section 35-10.1-1. - Short title.
Section 35-10.1-2. - Definitions.
Section 35-10.1-3. - Securing of deposits.
Section 35-10.1-4. - Substitution of collateral.
Section 35-10.1-5. - Valuation of collateral.
Section 35-10.1-6. - Income from collateral.
Section 35-10.1-8. - Insurance.
Section 35-10.1-9. - Federal deposit insurance.