Rhode Island General Laws Title 22. General Assembly § 22-7.8-3. Duties
Current as of January 01, 2022 | Updated by FindLaw Staff
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It shall be the duty of the committee to promote the development of a coordinated veterans' program and to consult with all agencies dealing with veterans' affairs.
(a) The commissioner may intervene in the affairs of a savings bank if the savings bank or a person who participates in the affairs of the savings bank or a subsidiary or holding company of the savings bank:
(1) engages in or is about to engage in an unsafe and unsound practice in conducting the affairs of the savings bank; or
(2) violates or is about to violate:
(A) the articles of incorporation or bylaws of the savings bank;
(B) a law or supervisory order applicable to the savings bank; or
(C) a condition that the commissioner or the finance commission has imposed on the savings bank by written order, directive, or agreement.
(b) The commissioner may intervene in the affairs of a savings bank if a person who participates in the affairs of the savings bank or a subsidiary or holding company of the savings bank violates or is about to violate an order or instruction of the commissioner or a conservator or supervisor in charge of the savings bank's affairs.
Cite this article: FindLaw.com - Rhode Island General Laws Title 22. General Assembly § 22-7.8-3. Duties - last updated January 01, 2022 | https://codes.findlaw.com/ri/title-22-general-assembly/ri-gen-laws-sect-22-7-8-3/
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