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Section 19-7-7 Powers authorized.

RI Gen L § 19-7-7 (2019) (N/A)
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§ 19-7-7. Powers authorized. If organized under laws other than the laws of this state, a successor bank or purchasing bank shall have and may exercise within this state the powers and privileges granted to financial institutions. A successor financial institution or purchasing financial institution shall have and may exercise in this state the powers and privileges granted to it under the laws of this state, and, in any state under the laws of which one or more of its predecessor banks was organized or in which it operates a branch, the powers and privileges granted to it under the laws of that state or states.

History of Section. (P.L. 1995, ch. 82, § 45.)

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Section 19-7-6 Interstate purchases of assets and assumptions of liabilities.
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Section 19-7-8 Special definitions applicable to mergers, etc.