Rhode Island General Laws
Title 19 - Financial Institutions
Chapter 19-5 - Credit Unions

Section 19-5-1. - “Credit union” defined. - § 19-5-1. “Credit union” defined. In this chapter, the term...

Section 19-5-2. - Incorporation. - § 19-5-2. Incorporation. Fifteen (15) or more citizens of this...

Section 19-5-3. - Membership of credit unions. - § 19-5-3. Membership of credit unions. After organization of any...

Section 19-5-4. - Contents of bylaws. - § 19-5-4. Contents of bylaws. (a) The director, or the...

Section 19-5-5. - Shares or deposits held jointly. - § 19-5-5. Shares or deposits held jointly. Whenever payment for...

Section 19-5-6. - Demand deposits. - § 19-5-6. Demand deposits. (a) A credit union may offer...

Section 19-5-7. - Voting rights. - § 19-5-7. Voting rights. No person shall be entitled to...

Section 19-5-8. - Election and terms of directors. - § 19-5-8. Election and terms of directors. (a) At the...

Section 19-5-9. - Appointments and terms of supervisory committee members. - § 19-5-9. Appointments and terms of supervisory committee members. (a)...

Section 19-5-10. - Credit committee. - § 19-5-10. Credit committee. If the bylaws provide for a...

Section 19-5-11. - Duplication of office prohibited — Oaths of office — Record of qualification. - § 19-5-11. Duplication of office prohibited — Oaths of office...

Section 19-5-12. - Powers and duties of directors. - § 19-5-12. Powers and duties of directors. The board of...

Section 19-5-13. - Loan applications. - § 19-5-13. Loan applications. The credit committee or duly appointed...

Section 19-5-14. - Powers and duties of supervisory committee. - § 19-5-14. Powers and duties of supervisory committee. (a) The...

Section 19-5-15. - Investment of funds — Powers. - § 19-5-15. Investment of funds — Powers. The capital, deposits,...

Section 19-5-15.1. - Purchase, sale and pledge of eligible obligations and assets. - § 19-5-15.1. Purchase, sale and pledge of eligible obligations and...

Section 19-5-16. - Maximum aggregate liability of one person or company. - § 19-5-16. Maximum aggregate liability of one person or company....

Section 19-5-17. - Compensation or loans to officers. - § 19-5-17. Compensation or loans to officers. (a) No member...

Section 19-5-18. - Expulsion of members. - § 19-5-18. Expulsion of members. Credit union management may expel...

Section 19-5-19. - Dividends. - § 19-5-19. Dividends. At those intervals that the board of...

Section 19-5-20. - Regular reserve. - § 19-5-20. Regular reserve. Each credit union shall establish and...

Section 19-5-21. - Destruction of records. - § 19-5-21. Destruction of records. A credit union may, in...

Section 19-5-22. - Tax on deposits. - § 19-5-22. Tax on deposits. The capital stock, corporate franchises,...

Section 19-5-23. - Conversion. - § 19-5-23. Conversion. (a) A credit union may be converted...

Section 19-5-24. - Merger. - § 19-5-24. Merger. (a) Any credit union may, with approval...

Section 19-5-25. - Exercise of same powers as federal credit unions. - § 19-5-25. Exercise of same powers as federal credit unions....

Section 19-5-26. - Liquidity reserves. - § 19-5-26. Liquidity reserves. Every credit union shall maintain liquidity...

Section 19-5-27. - Interstate credit unions. - § 19-5-27. Interstate credit unions. A credit union chartered in...

Section 19-5-28. - Severability. - § 19-5-28. Severability. If any provision of this chapter or...

Section 19-5-29. - Savings promotion raffle. - § 19-5-29. Savings promotion raffle. (a) If authorized by the...