§ 28-40-3.2 - Notice to segregate trust funds. - Rhode Island Statutes

SECTION 28-40-3.2

   § 28-40-3.2  Notice to segregate trustfunds. – If the director believes that the payment to the state of the trust fundestablished under § 28-40-3.1 will be jeopardized by delay, neglect, ormisappropriation, he or she shall then notify the employer that the trust fundshall be segregated, and be kept separate and apart from all other funds andassets of the employer and shall not be commingled with any other funds orassets. That notice shall be given by either hand delivery or by registeredmail, return receipt requested. Within four (4) days after the sending of thatnotice, all taxes which subsequently either become collectible or are collectedshall be deposited weekly in any financial institution in the state and thosecontributions shall be designated as a special fund in trust for the state andpayable to the state by the employer as trustee of that fund.