{"data":{"id":"us-ri/r.i.-gen.-laws-19-11-1","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 19-11-1","heading":"Appointment of conservator on application by stockholders or directors.","body":"Whenever any financial institution or credit union shall petition the director for the appointment of a conservator of its property, assets, and affairs for the benefit of its depositors and other creditors, and in order to provide an opportunity for a reorganization of its affairs, the director is authorized and empowered to appoint himself or herself or a deputy a conservator of that financial institution or credit union, the petition in each case to be made in pursuance of a vote adopted by a majority of the board of directors or under the same conditions that could allow the director to petition the court for the appointment of a receiver.","path":["Title 19 Financial Institutions","Chapter 11 Conservatorship"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE19/19-11/19-11-1.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T19:56:12Z","sha256":"2ce31c1906620ec8237d6f7939271c01724d34bd71d1315b4cbddfc6bf1e27aa","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-19-10.1-3","next":"us-ri/r.i.-gen.-laws-19-11-2"},"notice":"GroundRules: Original legal text. Not legal advice."}