The valuation of collateral shall be established initially at the time the collateral is pledged and shall be adjusted thereafter as of the last day of each month. For the purpose of this chapter, the value of collateral shall be its market value.
R.I. Gen. Laws § 35-10.1-5
Valuation of collateral
Known as the Rhode Island Collateralization of Public Deposits Act
The act spans §§ 35-10.1-1–35-10.1-9 (11 sections).
P.L. 1991, ch. 44, art. 74, § 1.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.