Statutes > Rhode Island Statutes > Title 19 - Financial institutions > CHAPTER 19-9 - Community Obligations and Banking Offenses > § 19-9-20 - Withdrawal from time deposit accounts.

§ 19-9-20 - Withdrawal from time deposit accounts.

SECTION 19-9-20

   § 19-9-20  Withdrawal from time depositaccounts. – Except as required by federal law, no regulated institution or otherinsured-deposit-taking institutions organized under the laws of the UnitedStates shall assess any penalty for early withdrawal from any time depositaccount if the owner of the account has died or been declared mentallyincompetent by a court of competent jurisdiction.