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.)