230 R.I. Code R. 230-RICR-40-05-2.6

Current through October 15, 2024

Section 230-RICR-40-05-2.6 - Applicability

A. Application fees shall only apply in those instances in which an application for approval is required by R.I. Gen. Laws Title 19. For certain types of transactions, approvals may be granted without the need for the filing of an application.

B. Applications and associated fees are required for approvals by the Director, including but not limited to the following:

1. Agreements to Form;

2. Amendments to Agreements to Form;

3. Establishment of branches;

4. Relocations of branches;

5. Mergers of financial institutions;

6. Interstate banking, including but not limited to interstate acquisitions, mergers, and purchase and assumptions;

7. Interstate branching; and

8. Changes in control.

9. Other approvals which, in the discretion of the Director, require the filing of an application

C. Applications, and therefore application fees, are not required to be filed for approvals including but not limited to the following:

1. Mergers of credit unions;

2. Conversions to stock form of financial institution;

3. Amendments to by-laws;

4. Establishment of electronic devices and machines;

5. Conversions to federal charter;

6. Voluntary liquidations;

7. Conservatorships; and

8. Receiverships.

230 R.I. Code R. 230-RICR-40-05-2.6