TITLE 42
State Affairs and Government
CHAPTER 42-14
Department of Business Regulation
SECTION 42-14-6
§ 42-14-6 Restrictions on interests of
administrator.
The administrator of banking and insurance shall not engage in any other
business or be an officer of or directly or indirectly interested in any
national bank doing business in this state, or in any bank, savings bank, or
trust company organized under the laws of this state, nor be directly or
indirectly interested in any corporation, business, or occupation that requires
his or her official supervision; nor shall the administrator become indebted to
any bank, savings bank, or trust company organized under the laws of this
state, nor shall he or she engage or be interested in the sale of securities as
a business, or in the negotiation of loans for others.
History of Section.
(P.L. 1908, ch. 1590, § 30; G.L. 1909, ch. 233, § 2; G.L. 1923, ch.
274, § 2; G.L. 1938, ch. 127, § 2; impl. am. P.L. 1939, ch. 660,
§ 122; G.L. 1956, § 42-14-6.)
