{"data":{"id":"us-ri/r.i.-gen.-laws-19-10-1","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 19-10-1","heading":"Power to liquidate — Appointment of agent.","body":"Any financial institution or credit union that is solvent may, subject to the approval of the director, or the director’s designee, liquidate and be closed by a vote of its stockholders owning two thirds (⅔) of its capital stock or, in the case of a mutually owned savings bank, two thirds (⅔) of its depositors or, in the case of credit unions, two thirds (⅔) of its members. For the purpose of closing the affairs of any financial institution or credit union, the directors shall submit a plan of liquidation to the director, or the director’s designee, for approval.","path":["Title 19 Financial Institutions","Chapter 10 Voluntary Liquidation"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE19/19-10/19-10-1.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T19:56:12Z","sha256":"4f711e18ec428cb86e27747a440111d3e326de4d434c22151ea8b65eaf80d3e0","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-19-9-35","next":"us-ri/r.i.-gen.-laws-19-10-2"},"notice":"GroundRules: Original legal text. Not legal advice."}