§ 19-10.1-1. Power to convert financial institution with capital stock to a general business corporation or other entity. Any financial institution with capital stock chartered under the laws of this state and that is solvent may, upon notice to the director, or the director’s designee, pursuant to § 19-10.1-2 and subject to the approval of […]
§ 19-10.1-2. Notice of conversion. Whenever a vote is taken pursuant to § 19-10.1-1 by a financial institution with capital stock to convert such financial institution into a corporation organized under the Rhode Island Business Corporation Act, it shall be the duty of the board of directors or trustees thereof to cause notice of this […]
§ 19-10.1-3. Delivery of unclaimed funds and property to general treasurer. Whenever any financial institution with capital stock coverts to and becomes a general business corporation pursuant to § 19-10.1-1 while holding upon deposit or for safekeeping any funds or other property of any description pursuant to its powers under § 19-3-1, such property shall, […]
