§ 11-17-12 - Disposition of plates and dies of defunct banks. - Rhode-island Statutes

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Statutes > Rhode-island > Title-11 > Chapter-11-17 > 11-17-12

SECTION 11-17-12

§ 11-17-12 Disposition of plates and diesof defunct banks. – Whenever the charter of any bank in this state shall expire or becomeforfeited, and whenever any bank in this state shall close its business for anycause whatsoever, the directors of the bank who shall have been last in officeshall immediately deliver up all their plates and dies to the superior courtfor the county in which the bank shall have been located or established, andthe court shall cause the plates and dies to be disposed of in any manner thatthe court shall deem expedient, in order to prevent their being afterwards usedfor any unlawful purpose. Every director who shall willfully neglect or refuseto comply with the requirements of this section shall be fined not exceedingfive hundred dollars ($500).

State Codes and Statutes

Statutes > Rhode-island > Title-11 > Chapter-11-17 > 11-17-12

SECTION 11-17-12

§ 11-17-12 Disposition of plates and diesof defunct banks. – Whenever the charter of any bank in this state shall expire or becomeforfeited, and whenever any bank in this state shall close its business for anycause whatsoever, the directors of the bank who shall have been last in officeshall immediately deliver up all their plates and dies to the superior courtfor the county in which the bank shall have been located or established, andthe court shall cause the plates and dies to be disposed of in any manner thatthe court shall deem expedient, in order to prevent their being afterwards usedfor any unlawful purpose. Every director who shall willfully neglect or refuseto comply with the requirements of this section shall be fined not exceedingfive hundred dollars ($500).

State Codes and Statutes

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State Codes and Statutes

Statutes > Rhode-island > Title-11 > Chapter-11-17 > 11-17-12

SECTION 11-17-12

§ 11-17-12 Disposition of plates and diesof defunct banks. – Whenever the charter of any bank in this state shall expire or becomeforfeited, and whenever any bank in this state shall close its business for anycause whatsoever, the directors of the bank who shall have been last in officeshall immediately deliver up all their plates and dies to the superior courtfor the county in which the bank shall have been located or established, andthe court shall cause the plates and dies to be disposed of in any manner thatthe court shall deem expedient, in order to prevent their being afterwards usedfor any unlawful purpose. Every director who shall willfully neglect or refuseto comply with the requirements of this section shall be fined not exceedingfive hundred dollars ($500).