Rhode Island General Laws
Title 42 - State Affairs and Government
Chapter 42-116 - Rhode Island Depositors Economic Protection Corporation

Section 42-116-1. - Short title. - § 42-116-1. Short title. This chapter shall be known as...

Section 42-116-2. - Legislative findings. - § 42-116-2. Legislative findings. (a) It is found that certain...

Section 42-116-3. - Definitions. - § 42-116-3. Definitions. As used in this chapter, unless the...

Section 42-116-4. - Establishment of corporation — Composition of corporation — Appointment of directors. - § 42-116-4. Establishment of corporation — Composition of corporation —...

Section 42-116-5. - General powers of corporation. - § 42-116-5. General powers of corporation. (a) The corporation has...

Section 42-116-5.1. - Sale of property. - § 42-116-5.1. Sale of property. Notwithstanding any other provision of...

Section 42-116-6. - Additional general powers. - § 42-116-6. Additional general powers. In addition to the powers...

Section 42-116-7. - Assumption of liabilities and distribution. - § 42-116-7. Assumption of liabilities and distribution. Distributions from the...

Section 42-116-8. - Officers. - § 42-116-8. Officers. (a) An executive director, who shall be...

Section 42-116-9. - Ethics. - § 42-116-9. Ethics. (a) Each director, officer and employee of...

Section 42-116-10. - Promulgation of regulations. - § 42-116-10. Promulgation of regulations. (a) The corporation may adopt...

Section 42-116-11. - Payment of state funds — Agreement between corporation and department. - § 42-116-11. Payment of state funds — Agreement between corporation...

Section 42-116-12. - Payment of depositor’s claims. - § 42-116-12. Payment of depositor’s claims. (a) Subject to the...

Section 42-116-12.1. - Distribution of funds in individual retirement accounts. - § 42-116-12.1. Distribution of funds in individual retirement accounts. (a)...

Section 42-116-13. - Bonds of the corporation. - § 42-116-13. Bonds of the corporation. (a) The corporation may...

Section 42-116-14. - Refunding bonds. - § 42-116-14. Refunding bonds. The corporation may issue refunding bonds...

Section 42-116-15. - Bonds eligible for investment. - § 42-116-15. Bonds eligible for investment. Bonds issued by the...

Section 42-116-16. - No additional consent required. - § 42-116-16. No additional consent required. Except as provided in...

Section 42-116-17. - Bonds not obligations of the state. - § 42-116-17. Bonds not obligations of the state. Bonds issued...

Section 42-116-18. - Lien status — Recording. - § 42-116-18. Lien status — Recording. (a) Notwithstanding any provision...

Section 42-116-19. - Investment securities. - § 42-116-19. Investment securities. Notwithstanding any of the provisions of...

Section 42-116-20. - Trust fund. - § 42-116-20. Trust fund. All moneys and other property of...

Section 42-116-21. - Authorization to accept appropriated monies. - § 42-116-21. Authorization to accept appropriated monies. (a) The corporation...

Section 42-116-22. - Assistance by state officers, departments, boards and commissions. - § 42-116-22. Assistance by state officers, departments, boards and commissions....

Section 42-116-23. - Certain agreements. - § 42-116-23. Certain agreements. No agreement which tends to diminish...

Section 42-116-24. - Tax exemption. - § 42-116-24. Tax exemption. (a) Bonds issued by the corporation...

Section 42-116-25. - Duration of corporation — Termination. - § 42-116-25. Duration of corporation — Termination. The corporation and...

Section 42-116-25.1. - Defeasance of corporation bonds. - § 42-116-25.1. Defeasance of corporation bonds. Upon termination of the...

Section 42-116-25.2. - Indemnification. - § 42-116-25.2. Indemnification. The state shall indemnify the tax administrator...

Section 42-116-26. - Record keeping — Financial statements. - § 42-116-26. Record keeping — Financial statements. The corporation shall,...

Section 42-116-27. - Inconsistent laws — Supplemental powers. - § 42-116-27. Inconsistent laws — Supplemental powers. The provisions of...

Section 42-116-28. - Compliance with federal law. - § 42-116-28. Compliance with federal law. Notwithstanding anything to the...

Section 42-116-29. - Inapplicability of certain laws. - § 42-116-29. Inapplicability of certain laws. (a) The corporation is...

Section 42-116-30. - Liability of the corporation. - § 42-116-30. Liability of the corporation. The corporation is, subject...

Section 42-116-31. - Special revenue fund. - § 42-116-31. Special revenue fund. (a) There is created a...

Section 42-116-32. - Corporation’s right to subrogation. - § 42-116-32. Corporation’s right to subrogation. (a) Any depositor who...

Section 42-116-33. - Performance review committee. - § 42-116-33. Performance review committee. (a) There is created a...

Section 42-116-34. - Severability. - § 42-116-34. Severability. The provisions of this chapter are severable,...

Section 42-116-35. - Excess interest forfeiture. - § 42-116-35. Excess interest forfeiture. Any person or entity who...

Section 42-116-36. - Recording certain transfer documents. - § 42-116-36. Recording certain transfer documents. If the corporation receives...

Section 42-116-37. - Use of funds. - § 42-116-37. Use of funds. Notwithstanding the provisions of any...

Section 42-116-38. - Depositor’s advisory board. - § 42-116-38. Depositor’s advisory board. (a) There is created a...

Section 42-116-39. - Payment of commission costs. - § 42-116-39. Payment of commission costs. (a) From time to...

Section 42-116-40. - Court-approved settlements. - § 42-116-40. Court-approved settlements. (a) Notwithstanding any provisions of law...

Section 42-116-41. - Loan portfolio valuation. - § 42-116-41. Loan portfolio valuation. (a) On or before the...