{"data":{"id":"us-ri/r.i.-gen.-laws-19-7-1","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 19-7-1","heading":"Definitions.","body":"(a) For the purposes of this chapter, the term or terms:\n(1) “Bank”, “bank-holding company”, “company”, “subsidiary”, and “control” have the meanings set forth in the federal Bank Holding Company Act of 1956, 12 U.S.C. § 1841 et seq., except that “bank” shall also include financial institutions, as defined in this title, and other forms of federally-insured-deposit-taking institutions. Bank-holding companies shall include thrift-holding companies as set forth in the Home Owners’ Loan Act, 12 U.S.C. § 1461 et seq., whether organized with or without capital stock.\n(2) “Out-of-state bank” means a bank whose principal office is located in any other state.\n(3) “Out-of-state bank-holding company” means a holding company for which the operations of its bank subsidiaries are principally conducted in any other state.\n(4) “Rhode Island bank-holding company” means a bank-holding company that controls a financial institution, provided that an out-of-state bank or bank-holding company that acquired control of one or more financial institutions shall not be deemed to be a Rhode Island bank-holding company, unless operations of its bank subsidiaries are principally conducted in this state.\n(b) For the purposes of this chapter, the state in which operations of a bank-holding company’s bank subsidiaries are principally conducted is the state in which total deposits of all of its bank subsidiaries are the largest.","path":["Title 19 Financial Institutions","Chapter 7 Interstate Banking, Interstate Branching and Bank Holding Company Mergers and Acquisitions"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE19/19-7/19-7-1.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T19:56:11Z","sha256":"1bb8f59fabd1e57bf838ad27886c33345fc64e3611f20961cf558575608f95d0","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-19-6-4","next":"us-ri/r.i.-gen.-laws-19-7-2"},"notice":"GroundRules: Original legal text. Not legal advice."}