State Codes and Statutes
Statutes > Rhode-island > Title-35 > Chapter-35-10-1 > 35-10-1-4SECTION 35-10.1-4
§ 35-10.1-4 Substitution of collateral.– A qualified depository institution may substitute insurance or different formsof collateral from time to time without notice to the public depositor or thecommission; provided, that any substitute collateral constitutes eligiblecollateral; and provided, further, that no substitution of insurance orcollateral shall cause the depository institution to cease being a qualifieddepository institution.
