Banking Regulation 98-5


230-RICR-40-05-4 INACTIVE RULE

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Title 230 Department of Business Regulation (includes the Office of the Health Insurance Commissioner)
Chapter 40 Banking
Subchapter 05 Financial Institutions and Credit Unions
Part 4 Banking Regulation 98-5
Type of Filing Periodic Refile
Regulation Status Inactive
Effective 12/19/2001 to 12/19/2001

Regulation Authority:

R.I. Gen. Laws Sections 19-5-4, 19-5-9, 19-5-17, 19-5-21 and 42-35-4.1

Purpose and Reason:

This regulation is to provide for: credit union by-law content and amendment procedures pursuant to R.I. Gen. Laws Section 19-5-4; a definition for qualified individuals for credit union supervisory committee membership pursuant to R.I. Gen. Laws Section 19-5-9; requirements of loans to credit union officers and directors pursuant to R.I. Gen. Laws Section 19-5-17; and destruction of records programs for credit unions pursuant to R.I. Gen. Laws 19-5-21.