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§ 19-10-1-3 — Rhode Island Law | CourtGPT
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  3. Rhode Island/
  4. Title 19 - Financial Institutions/
  5. Chapter 19-10.1 - Conversion of Financial Institution to General Business Corporation/
  6. § 19-10-1-3
Rhode Island Legal Code

§ 19-10-1-3

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Whenever any financial institution with capital stock coverts to and becomes a general business corporation pursuant to § 19-10.1-1 while holding upon deposit or for safekeeping any funds or other property of any description pursuant to its powers under § 19-3-1, such property shall, prior to the conversion to a general business corporation, be delivered to the general treasurer of this state as unclaimed property. History of Section.P.L. 2005, ch. 206, § 1; P.L. 2005, ch. 335, § 1.