§ 19-9-16 - Replacement of lost or destroyed passbook. - Rhode Island Statutes

SECTION 19-9-16

   § 19-9-16  Replacement of lost or destroyedpassbook. – When any person to whom a passbook, share certificate, membership certificate,stock certificate, deposit certificate, or other form of investment contracthas been issued by any regulated institution, or by anyinsured-deposit-taking-institution organized under the laws of the UnitedStates, states in writing, under oath, to the regulated institution orinsured-deposit-taking-institution organized under the laws of the UnitedStates, which issued the book, certificate, or other form of investmentcontract, that the book, certificate, or other form of investment contract hasnot been hypothecated, but has been lost or destroyed, and shall make writtenapplication for the issue of a duplicate book, certificate, or other form ofinvestment contract, then the regulated institution orinsured-deposit-taking-institution organized under the laws of the UnitedStates, may issue a duplicate book, certificate, or other form of investmentcontract, and upon delivery, the regulated institution orinsured-deposit-taking-institution organized under the laws of the UnitedStates, shall be discharged from all liability on account of the issue of theoriginal book, certificate, or other form of investment contract. References inthis section to an issuing regulated institution orinsured-deposit-taking-institution organized under the laws of the UnitedStates shall be taken to include any successor regulated institution orinsured-deposit-taking-institution organized under the laws of the UnitedStates.