Rhode Island General Laws 19-9-20. Withdrawal from time deposit accounts
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Except as required by federal law, no regulated institution or other insured-deposit-taking institutions organized under the laws of the United States shall assess any penalty for early withdrawal from any time deposit account if the owner of the account has died or been declared mentally incompetent by a court of competent jurisdiction.
History of Section.
P.L. 1995, ch. 82, § 47.
Terms Used In Rhode Island General Laws 19-9-20
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- United States: include the several states and the territories of the United States. See Rhode Island General Laws 43-3-8