Rhode Island General Laws 19-7-10. Federally chartered institutions
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To the extent it is empowered to do so, this state authorizes banks organized under the laws of the United States that have a main office in Rhode Island to merge or consolidate with and to acquire assets and assume liabilities of out-of-state banks and to have assets and liabilities assumed by out-of-state banks.
History of Section.
P.L. 1995, ch. 82, § 45.
Terms Used In Rhode Island General Laws 19-7-10
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- United States: include the several states and the territories of the United States. See Rhode Island General Laws 43-3-8