§ 35-10.1-5. Valuation of collateral.
The valuation of collateral shall be established initially at the time the collateral is pledged and shall be adjusted thereafter as of the last day of each month. For the purpose of this chapter, the value of collateral shall be its market value.
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.