2013 Rhode Island General Laws
Title 19 - Financial institutions
Chapter 19-11 - Conservatorship
Section 19-11-7 - Penalties and liabilities.
§ 19-11-7 Penalties and liabilities. – The conservator and the conservator's assistants shall be subject to the same penalties and liabilities to which they would be liable if the conservator were the receiver of a financial institution or credit union appointed in judicial proceedings in this state, including penalties and liabilities now established and which may be established by law. The conservator's liability shall be limited to the assets of the financial institution or credit union except for fraud or malpractice by the conservator.
History of Section.
(P.L. 1995, ch. 82, § 49.)
Disclaimer: These codes may not be the most recent version. Rhode Island may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
