reglab/housing_qa huggingface dataset:
RI Gen L § 19-1-3 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-1 - Definitions and Establishment of Financial Institutions|Section 19-1-3 - Applications - General.

§ 19-1-3. Applications — General.(a) All applications filed by regulated institutions shall be made to the director, or the director's designee, other than the exceptions set forth in this title.(b) The director, or the director's designee, shall cause notice of applications filed to be published on the department's website and by any other method deemed by the director, or the director's designee, to communicate with persons who are, or may be, interested in the application. The notice shall include a provision allowing for a public comment period. During this period, the application shall be open for public inspection at the division of banking. If, at the end of the public comment period, there are no objectors to the application, the director, or the director's designee, may approve or deny the application. If there are any objectors, the director, or the director's designee, may hold a public hearing to take testimony, under oath, and after considering this testimony, shall approve or deny the application. Any applicant aggrieved by any order regarding an application may appeal pursuant to the provisions of chapter 35 of title 42.(c) The superintendent shall collect a filing fee with respect to applications submitted to the division of banking for consideration. All fees pursuant to this section shall be paid to the director for the use of the state. The fees to be charged for each type of application shall be established by the division of banking by regulation.(d) The superintendent is hereby authorized to promulgate rules and regulations for the implementation of this section, including, but not limited to, the establishment of specific time periods within which a decision for the various types of applications must be rendered by the division of banking.(e) Any party adversely affected by a decision of the director, or the director's designee, may make written demand upon the director, or the director's designee, within thirty (30) days notification of the decision from which the party is appealing. A hearing conducted pursuant to this section shall be conducted pursuant to the Administrative Procedures Act, chapter 35 of title 42.(f) Anyone adversely affected by a decision of the director, or the director's designee, may appeal the decision by filing an appeal with the superior court pursuant to § 42-35-15.History of Section.P.L. 1995, ch. 82, § 38; P.L. 1999, ch. 156, § 1; P.L. 2013, ch. 50, § 1; P.L. 2013, ch. 57, § 1.
RI Gen L § 19-1-4 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-1 - Definitions and Establishment of Financial Institutions|Section 19-1-4 - Severability.

§ 19-1-4. Severability.If any provision of this chapter or the application of this chapter to any person or circumstances is held invalid or unconstitutional, the invalidity or unconstitutionality shall not affect other provisions or applications of this chapter that can be given effect without the invalid or unconstitutional provision or application, and to this end the provisions of this chapter are declared to be severable.History of Section.P.L. 1995, ch. 82, § 38.
RI Gen L § 19-2-1 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-2 - Creation and Expansion|Section 19-2-1 - Agreement to form financial institution.

§ 19-2-1. Agreement to form financial institution.Fifteen (15) or more persons, all of whom shall be citizens and residents of this state, who associate themselves by a written agreement to form, may, upon compliance with the provisions of this chapter, become a financial institution, with all the powers, rights, and privileges, and subject to all of the duties, restrictions, and liabilities set forth in this title and in all laws relating to financial institutions.History of Section.P.L. 1995, ch. 82, § 39.
RI Gen L § 19-2-2 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-2 - Creation and Expansion|Section 19-2-2 - Contents of agreement to form.

§ 19-2-2. Contents of agreement to form.(a) Any agreement to form shall state that the subscribers to the agreement associate themselves with the intention of forming a financial institution pursuant to this title to transact business authorized by this title within this state and shall specify:(1) The name by which the financial institution shall be known, which shall be consistent with words identified with those of financial institutions.(2) The purpose for which it is formed.(3) The address at which its business is to be transacted.(4) For stock-owned companies, the amount of its capital stock, which shall in no event be less than three million dollars ($3,000,000), and the number of shares into which the capital stock is to be divided.(5) Whether the financial institution intends to exercise trust powers.(b) Each agreement to form shall contain the name, residence, and post office address of each subscriber, and, for stock-owned companies, the number of shares of stock that each subscriber agrees to take.History of Section.P.L. 1995, ch. 82, § 39.
RI Gen L § 19-2-3 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-2 - Creation and Expansion|Section 19-2-3 - Application to form financial institution - Issuance or denial of certificate.

§ 19-2-3. Application to form financial institution — Issuance or denial of certificate.The subscribers to the agreement to form shall make application to the director, or the director's designee, for a certificate that public convenience and advantage will be promoted by the establishment of the financial institution, which certificate the director, or the director's designee, is hereby authorized to grant. The decision on the certificate may be appealed pursuant to chapter 1 of title 19.History of Section.P.L. 1995, ch. 82, § 39; P.L. 2013, ch. 50, § 3; P.L. 2013, ch. 57, § 3.
RI Gen L § 19-2-4 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-2 - Creation and Expansion|Section 19-2-4 - Notice of subscribers' meeting.

§ 19-2-4. Notice of subscribers' meeting.The first meeting of the subscribers to the agreement to form shall be called by a notice signed either by that subscriber to the agreement to form who is designated in the agreement for this purpose, or by a majority of the subscribers. The notice shall state the time, place, and purposes of the meeting. A copy of the notice shall, at least seven (7) days before the day appointed for the meeting, be given to each subscriber or left at the subscriber's residence, and an affidavit of a majority of the signers of the notice that the notice has been served shall be recorded with the records of the first meeting. If all the subscribers, in writing, endorsed upon the agreement to form, waive this notice and fix the time and place of meeting, no notice shall be required.History of Section.P.L. 1995, ch. 82, § 39.
RI Gen L § 19-2-5 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-2 - Creation and Expansion|Section 19-2-5 - Proceedings at subscribers' meeting.

§ 19-2-5. Proceedings at subscribers' meeting.At the first meeting, or at the adjournment of any meeting, the subscribers shall, without limiting other actions, choose a temporary secretary, adopt bylaws, and elect, in any manner as the bylaws may determine, directors, a president, a secretary, and any other officers as the bylaws may prescribe. All of the elected officers shall be sworn to the faithful performance of their duties. The temporary secretary shall make and attest a record of the proceedings until the secretary has been chosen and sworn, including a record of the choice and qualification.History of Section.P.L. 1995, ch. 82, § 39.
RI Gen L § 19-2-6 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-2 - Creation and Expansion|Section 19-2-6 - Certificate of president and directors elected at first meeting.

§ 19-2-6. Certificate of president and directors elected at first meeting.The president and a majority of the directors who are elected at the first meeting shall make, sign, and make oath to a certificate setting forth:(1) A true copy of the agreement to form, the names of the subscribers to the agreement, and the name, residence, and post office address of each of the officers of the financial institution; and(2) The date of the first meeting.History of Section.P.L. 1995, ch. 82, § 39.
RI Gen L § 19-2-7 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-2 - Creation and Expansion|Section 19-2-7 - Approval of certificate - Filing - Fee on capital stock.

§ 19-2-7. Approval of certificate — Filing — Fee on capital stock.The certificate in § 19-2-6 shall be submitted to the director, or the director's designee, together with the records of the first meeting, and the director, or the director's designee, shall examine the certificate and records and may require an amendment of the certificate and records or any additional information the director may consider necessary. If the director finds that the certificate and records conform to the provisions of the preceding sections relative to the organization of the financial institution; and to the provisions of this title; and that the provisions of this title have been complied with; and that public convenience and advantage will be promoted by the establishment of the financial institution, the director, or the director's designee, shall endorse his or her approval on the certificate and shall maintain a copy of the certificate, together with the copy of the records of the first meeting. Upon approval of the certificate by the director, or the director's designee, the certificate shall be filed in the office of the secretary of state, together with the certificate of the general treasurer that the subscribers have paid into the treasury for the use of the state a sum equal to one-tenth of one percent (.1%) of the amount of capital stock.History of Section.P.L. 1995, ch. 82, § 39.
RI Gen L § 19-2-8 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-2 - Creation and Expansion|Section 19-2-8 - Certificate of secretary of state.

§ 19-2-8. Certificate of secretary of state.The secretary of state shall, upon the filing of certificates, as provided in § 19-2-7, and upon the payment of ten dollars ($10.00), record the certificate and issue to the financial institution a certificate, under the seal of the state, substantially in the following form:STATE OF RHODE ISLAND AND PROVIDENCE PLANTATIONS BE IT KNOWN THAT WHEREAS (the names of the subscribers to the agreement to form) have associated themselves for the purpose of forming a financial institution under the name of (the name of the financial institution), for the purpose (the purpose declared in the agreement to form), with capital stock of (if applicable, the amount fixed in the agreement to form), and have complied with the provisions of the statutes of this state in the case made and provided, as appears from the certificate of the financial institution, duly approved by the director or the director's designee and recorded in this office: NOW, THEREFORE, I (the name of the secretary), secretary of state of the state of Rhode Island, do hereby certify that (the names of the subscribers to the agreement to form), their associates and successors, are legally organized and established as an existing financial institution, under the name of (name of the financial institution), with the powers, rights, and privileges, and subject to the liabilities, duties, and restrictions, imposed by law.  WITNESS my official signature subscribed hereunto subscribed, and the seal of the state of Rhode Island hereunto affixed, this ... day of ... in the year .... History of Section.P.L. 1995, ch. 82, § 39.
RI Gen L § 19-2-9 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-2 - Creation and Expansion|Section 19-2-9 - Payment for stock in cash - Certificate authorizing transaction of business.

§ 19-2-9. Payment for stock in cash — Certificate authorizing transaction of business.(a) The financial institution, if a stock financial institution, shall not issue any shares of stock until the par value of the shares has been actually paid in cash, free and clear of all encumbrances. When the whole capital stock has been issued, a complete list of the stockholders, with the name, residence, and post office address of each, and the number of shares held by each, shall be filed with the director, or the director's designee, which list shall be verified under oath by two (2) of the principal officers of the financial institution.(b) Upon receipt of the statement in the case of stock financial institutions, the director, or the director's designee, shall cause an examination to be made. If, after the examination, it appears that the whole capital stock has been paid in cash for stock financial institutions and that all requirements of law have been complied with, the director, or the director's designee, shall issue a certificate authorizing this financial institution to begin transaction of business, and then the subscribers and their associates, successors, and assigns, shall be authorized to transact business as an organized financial institution, with all of the powers, rights, and privileges, and subject to the liabilities, duties, and restrictions imposed by law, and the records of the first meeting of the subscribers to the agreement to form shall become and be taken as the records of the first meeting of the financial institution. It shall be unlawful for any of these financial institutions to begin the transaction of business until this certificate has been granted.(c) The financial institution shall in no way be obligated, directly or indirectly, for any indebtedness related to the shareholders' acquisition of capital stock.History of Section.P.L. 1995, ch. 82, § 39.
RI Gen L § 19-2-10 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-2 - Creation and Expansion|Section 19-2-10 - Amendment of agreement to form.

§ 19-2-10. Amendment of agreement to form.(a) Subject to the approval of the director, or the director's designee, any financial institution or credit union may amend its agreement to form.(b) If the amendment increases the capital stock of a stock financial institution, the certificate of the general treasurer that the financial institution has paid into the treasury for the use of the state a sum equal to one tenth of one percent (.1%) of the increase shall be presented to the secretary of state; provided, however, that no share or shares of any increase of stock shall be issued by any financial institution until the par value of the stock has been actually paid in cash.(c) The director, or the director's designee, may permit any stock financial institution to transfer to its capital account, from any surplus accounts that are not set aside as security for any class of depositors, an amount that will leave, after the transfer, a surplus in addition to any amount set aside as special security of at least one hundred percent (100%) of the total capital stock. The director may authorize the financial institution to issue further shares of stock for the transferred amount whenever the director, or the director's designee, is satisfied that the entire capital stock when added to and the remaining surplus represent assets of equivalent value properly invested for banking purposes; and provided, also, that nothing in this section shall be construed to affect, in any way, any right with respect to the determination of the amount and issue of capital stock conferred upon any existing financial institution by its act of formation or any amendment or addition to its act of formation, except that no capital stock shall be issued until the par value of the stock has been actually paid in cash, and until the director, or the director's designee, certifies this; and provided further that no amendment, change, or alteration shall contain any provision that could not lawfully be contained in an original agreement to form under this title filed at the time of applying for amendment.(d) Upon the issuance of the duplicate certified by the secretary of state, the agreement to form shall be amended accordingly.History of Section.P.L. 1995, ch. 82, § 39; P.L. 2000, ch. 146, § 1.
RI Gen L § 19-2-11 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-2 - Creation and Expansion|Section 19-2-11 - Establishment of branches.

§ 19-2-11. Establishment of branches.Any financial institution or credit union may establish a branch, or branches, within this state at any other place than its main office upon obtaining the approval of the director, or the director's designee. The director, or the director's designee, shall decide, upon consideration of factors consistent with the creation of the financial institution or credit union, whether to issue a certificate of public convenience and advantage.History of Section.P.L. 1995, ch. 82, § 39; P.L. 1997, ch. 98, § 2.
RI Gen L § 19-2-12 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-2 - Creation and Expansion|Section 19-2-12 - Relocation of branches.

§ 19-2-12. Relocation of branches.Any financial institution or credit union may relocate a branch upon sixty (60) days prior written notice to the director, or the director's designee, provided that the relocated branch is:(1) To be located within the same city or town as the existing branch; or(2) To be located within a one mile radius of the existing branch; and(3) The existing branch will be closed upon construction and/or occupancy of the relocated branch.History of Section.P.L. 1995, ch. 82, § 39; P.L. 1997, ch. 98, § 2; P.L. 2011, ch. 347, § 1; P.L. 2011, ch. 387, § 1.
RI Gen L § 19-2-15 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-2 - Creation and Expansion|Section 19-2-15 - Approval of amendments to bylaws required.

§ 19-2-15. Approval of amendments to bylaws required.The bylaws of any financial institution shall not be altered, amended, or added to except upon approval of the director, or the director's designee. A certified copy of the proposed alteration, amendment, or addition shall be submitted to the director, or the director's designee, who shall endorse his or her approval or disapproval, and shall maintain a copy of the approval or disapproval.History of Section.P.L. 1995, ch. 82, § 39.
RI Gen L § 19-2-16 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-2 - Creation and Expansion|Section 19-2-16 - Indemnification of officers and employees for acts in course of duties.

§ 19-2-16. Indemnification of officers and employees for acts in course of duties.Any financial institution or credit union may, by bylaw, authorize its directors or trustees to indemnify and reimburse any person (or the personal representative of any person) who at any time serves, or shall have served, as director, trustee, officer, or employee of the financial institution or credit union, whether or not in office at the time, against and for any and all claims and liabilities to which he or she may be or become subject by reason of this service, and against and for any and all expenses necessarily incurred in connection with the defense or reasonable settlement of any legal or administrative proceedings to which he or she is made a party by reason of this service, except in relation to matters as to which he or she shall be finally adjudged to be liable for negligence or misconduct in the performance of his or her official duties. The provisions of this section shall not be deemed to exclude any other right or privileges to which this person may be entitled.History of Section.P.L. 1995, ch. 82, § 39.
RI Gen L § 19-2-17 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-2 - Creation and Expansion|Section 19-2-17 - Oath of director.

§ 19-2-17. Oath of director.Every director of a financial institution, when appointed or elected, shall take an oath that he or she will, so far as the duty devolves on him or her, diligently and honestly administer the affairs of the financial institution, and will not knowingly violate, or willingly permit to be violated, any of the provisions of this title. This oath, subscribed to by the director making it, and certified by the officer before whom it is taken, shall be immediately transmitted to the director, or the director's designee, and shall be filed and preserved in his or her office.History of Section.P.L. 1995, ch. 82, § 39.
RI Gen L § 19-2-18 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-2 - Creation and Expansion|Section 19-2-18 - Record of meetings of boards and committees.

§ 19-2-18. Record of meetings of boards and committees.Every financial institution and credit union in this state shall cause a record to be made, in a book kept for that purpose, of all of the proceedings of the board of directors or trustees or standing committees thereof, at every meeting thereof, and of the names of all directors or trustees or members of committees present at any such meeting.History of Section.P.L. 1995, ch. 82, § 39.
RI Gen L § 19-2-19 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-2 - Creation and Expansion|Section 19-2-19 - Bonds of officers and employees - Supervision by director.

§ 19-2-19. Bonds of officers and employees — Supervision by director.(a) Every officer and employee of a regulated institution shall be bonded in a form and in an amount that the director, or the director's designee, may prescribe, for the honest discharge of his or her duties, and shall file with the director, or the director's designee, an attested copy. The director, or the director's designee, shall promulgate regulations to set minimum amounts of fidelity bond coverage based upon the size of regulated institutions, stating the minimum amount and type of coverage. The director, or the director's designee, shall be notified of any change in the bond, or any revocation of the bond, within ten (10) business days of the change or revocation by the company issuing the bond and the responsible officer of the regulated institution as designated by the trustees or board of directors of the regulated institution.(b) The bond or bonds shall be continuous and remain in full force and effect until termination by either the regulated institution or the surety. Termination shall not become effective until thirty (30) days after the director, or the director's designee, has received notice. Regardless of the number of years, the bond shall continue in force, and the limit of the surety's liability stated in the bond shall not be cumulative from year to year or period to period.History of Section.P.L. 1995, ch. 82, § 39.
RI Gen L § 19-2-20 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-2 - Creation and Expansion|Section 19-2-20 - Severability.

§ 19-2-20. Severability.If any provision of this chapter or the application of this chapter to any person or circumstances is held invalid or unconstitutional, the invalidity or unconstitutionality shall not affect other provisions or applications of this chapter that can be given effect without the invalid or unconstitutional provision or application, and to this end the provisions of this chapter are declared to be severable.History of Section.P.L. 1995, ch. 82, § 39.
RI Gen L § 19-2.1-1 - 19-2.1-23 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-2.1 - Incorporation Of Stock Savings Banks|Section 19-2.1-1 - 19-2.1-23 - Repealed.

§ 19-2.1-1 — 19-2.1-23. Repealed.