§ 35-10.1-6. Income from collateral.
The income from assets that constitute segregated collateral shall belong without restriction to the depository institution that pledged the collateral unless and until the assets are transferred to the public depositor or its designee as the result of a default or insolvency of the 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.