§ 7-5-19 - Dissolution of quasi-municipal corporations and financial institutions. - Rhode Island Statutes

SECTION 7-5-19

   § 7-5-19  Dissolution of quasi-municipalcorporations and financial institutions. – When any quasi-municipal corporation, bank, savings bank, trust company, orloan and investment company has been liquidated in voluntary liquidation, or inreceivership or otherwise, according to law, the corporation may be dissolvedby decree of the superior court upon application filed, in the case of aquasi-municipal corporation, by any of its members or qualified electors or bythe attorney general, and in the case of any bank, savings bank, trust company,or loan and investment company, by the administrator of banking and insuranceor by any stockholder, trustee, or incorporator, with the consent, in writing,of the administrator of banking and insurance; and upon any reasonable noticein each case, that the court prescribes.