The income from assets that constitute segregated collateral shall belong without restriction to the depository institution that pledged the collateral unless and until the assets are transferred to the public depositor or its designee as the result of a default or insolvency of the depository institution.
R.I. Gen. Laws § 35-10.1-6
Income from collateral
Known as the Rhode Island Collateralization of Public Deposits Act
The act spans §§ 35-10.1-1 to 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.