§ 19-10.1-1 Power to convert financial institution with capital stock to a general business corporation or other entity
§ 19-10.1-2 Notice of conversion
§ 19-10.1-3 Delivery of unclaimed funds and property to general treasurer
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Terms Used In Rhode Island General Laws > Chapter 19-10.1 - Conversion of Financial Institution to General Business Corporation

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • 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.
  • seal: shall be construed to include an impression of the seal made with or without the use of wax or wafer on the paper. See Rhode Island General Laws 43-3-15
  • United States: include the several states and the territories of the United States. See Rhode Island General Laws 43-3-8