R.I. Gen. Laws
Rhode Island General Laws

R.I. Gen. Laws § 19-11-9 (2026)

Rules as to new deposits

✓ text as last checked Sept. 2026 (this copy records no edition or section history)
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Whenever the period of conservatorship provided for in this chapter has been terminated and the financial institution or credit union is permitted to resume business in accordance with this chapter, or whenever a receiver of the property of the financial institution or credit union has been appointed in accordance with law, the new deposits that may have been received shall be disposed of or held for the persons entitled to them in any manner that the director, or the director’s designee, shall prescribe, unless and except as the persons entitled to those deposits have withdrawn the deposits within fifteen (15) days after the conservator has given written notice to them of the opportunity to withdraw those deposits. The conservator shall give this written notice and opportunity at any time and in any manner that the director, or the director’s designee, shall prescribe.

Notes of Decisions
Cited in 2 cases, 1991–1991 · leading case: In re Advisory Opinion to the Governor (Depco), 593 A.2d 943 (R.I. 1991).
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In re Advisory Opinion to the Governor (Depco), 593 A.2d 943 (R.I. 1991). · cites it 2× “act are set forth in the act as legislative findings: "(1) Certain credit unions, loan and investment companies, banks and trust companies organized and existing under the laws of the state of Rhode Island whose deposits were previously insured by the Rhode Island Share and…”
Kayrouz v. Rhode Island Depositors Econ. Prot. Corp. ex rel. Sundlun, 593 A.2d 943 (R.I. 1991). · cites it 2× “act are set forth in the act as legislative findings: “(1) Certain credit unions, loan and investment companies, banks and trust companies organized and existing under the laws of the state of Rhode Island whose deposits were previously insured by the Rhode Island Share and…”
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