The provided legal document content pertains to the voluntary liquidation process for financial institutions and credit unions in the State of Rhode Island. The document outlines the procedures and duties related to the advertisement and payment of unclaimed deposits and dividends in financial institutions or credit unions. It requires the receiver, officer, or agent of the financial institution or credit union to provide the general treasurer with a list of unclaimed deposits and dividends, along with the names of the parties entitled to them.

This section of the State of Rhode Island General Laws pertains to conservatorship of financial institutions and credit unions. It outlines the powers and responsibilities of a conservator appointed by the director or the director’s designee. The conservator is required to collect all moneys and assets due to the financial institution or credit union, continue its business operations, and conserve its assets. They have the authority to sell or compound bad or doubtful claims, borrow money on behalf of the institution, sell real and personal property, and take mortgages on real property.

The provided legal document content pertains to receivership proceedings under the State of Rhode Island General Laws related to financial institutions and credit unions. It covers various aspects such as the finality and enforceability of court orders or judgments in receivership proceedings, the presumption of good faith for certain actions taken by members of the governing body or officers, the severability of provisions, the court’s power to shorten time for scheduling hearings and giving notice, the validity of agreements that may diminish or defeat the interest of a financial institution or credit union, the rights and powers of a receiver, the automatic stay upon appointment of a receiver, additional powers granted to a receiver, the payment of priority claims, the priority of claims in a receivership proceeding, the priority of claims in a receivership or conservatorship involving insured financial institutions or credit unions, legislative findings related to banking emergencies, the employment of clerical assistance by a receiver, the appointment of a receiver and its effects, the schedule of property to be made by the president or treasurer, and the court’s power to grant injunctions against financial institutions or credit unions.

This provision, found in the State of Rhode Island General Laws under the section on Banking Emergencies, governs the treatment of cash deposits received by regulated institutions after an order has been issued by the director to suspend or restrict currency withdrawals. Under this provision, these cash deposits, referred to as ’new cash deposits’, are not subject to any limitations or restrictions imposed by the order. Instead, they must be segregated and held or invested solely to meet the liability associated with these new cash deposits.

The provided legal document content pertains to licensed activities for financial institutions under the State of Rhode Island General Laws. It covers various aspects such as compliance with federal laws, due diligence in confirming compliance with state/federal statutes and regulations, severability of provisions, appropriation of funds for clerical assistance and necessary expenses, non-impairment of pre-existing contracts or loans, right to appeal actions or decisions of the director, adoption of rules and regulations for implementation and administration, penalties for unlicensed transactions, restrictions on conducting business under a different name or place, penalties for violations of licensure requirements, reporting requirements for licensees, modification or repeal of the chapter, restrictions on conducting business with other solicited businesses, advertising and misrepresentations, examinations and investigations by the director, suspension of licenses pending investigation, revocation of licenses for failure to pay fees or meet requirements, grounds for revocation of licenses, written orders for revocation or suspension, surrender of licenses, maintenance of books, accounts, and records, non-impairment of pre-existing contracts, transferability or assignment of licenses, appointment and maintenance of a resident attorney, licensing requirements, denial of license for incomplete application, minimum-net worth requirements, annual license fees, definitions of terms used in the laws.

The provided legal document content pertains to currency transmissions in the State of Rhode Island. It governs individuals or entities engaged in a foreign exchange business or the business of forwarding foreign drafts or money. Duly incorporated financial institutions or credit unions are exempt from certain provisions. The document outlines the rights of individuals who have delivered or deposited money or credit to be sent to a foreign correspondent. These individuals have the right to take action on a bond filed according to the provisions of this chapter if they have acquired any judgment, debt, claim, or demand related to the transaction against the principal named in the bond.

The provided legal document content covers various aspects of credit unions in the State of Rhode Island. It includes provisions governing the expulsion of members, conduct of savings promotion raffles, maintenance of liquidity reserves, engagement in authorized activities, permission for credit unions chartered in another state to do business in Rhode Island, severability of provisions, merger of credit unions, destruction of obsolete records, establishment of regular reserves, conversion of credit unions into federal credit unions and vice versa, borrowing and guaranty limits, tax exemption, declaration of dividends, compensation and loans to officers, purchase, sale, and pledge of eligible obligations and assets, powers and duties of the supervisory committee, appointment and duties of the credit committee, investment of funds, loan approval process, duplication of office, voting rights, and payment on shares or deposits in joint names.

The provided legal document content consists of two sections of the State of Rhode Island General Laws. The first section governs the examination powers of the director or the director’s designee in relation to Rhode Island bank-holding companies and their deposit-taking subsidiaries. The director or designee has the authority to conduct examinations of these entities whenever deemed necessary. The examination powers and authority granted to the director or designee are the same as those for the examination of regulated institutions.

The provided legal document content pertains to the Depository Change in Control Act under the State of Rhode Island General Laws. This act governs the process and requirements for acquiring a regulated financial institution. The application for acquisition must include information such as the personal history, business background, and experience of the acquiring person, including any pending legal proceedings or criminal convictions. It also requires the disclosure of financial statements, details of the proposed acquisition, the source and amount of funds used, and any plans or proposals for major changes in the institution’s business or management.

The provided legal document content pertains to the Employee Social Media Privacy in the State of Rhode Island. The chapter specifies that it does not apply to information about an applicant or employee that is publicly available. It also allows employers to comply with screening duties or monitor employee communications as required by self-regulatory organizations or under state or federal law for regulated financial institutions, insurance, or securities related business purposes.