2016 Rhode Island General Laws
Title 35 - Public Finance
Chapter 35-10.1 - Collateralization of Public Deposits
Section 35-10.1-4 - Substitution of collateral.
§ 35-10.1-4 Substitution of collateral.
A qualified depository institution may substitute insurance or different forms of collateral from time to time without notice to the public depositor or the commission; provided, that any substitute collateral constitutes eligible collateral; and provided, further, that no substitution of insurance or collateral shall cause the depository institution to cease being a qualified depository institution.
History of Section.
(P.L. 1991, ch. 44, art. 74, § 1.)
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