Except as provided in this section, bonds may be issued under this chapter without obtaining the consent of any executive office, department, division, commission, board, bureau, or corporation of the state or any political subdivision of the state, and without any other proceedings or the happening of any condition or acts other than those proceedings, conditions or acts which are specifically required in this chapter or under any applicable bond act, and the validity of and security for any bonds issued by the corporation pursuant to this chapter shall not be affected by the existence or nonexistence of any consent or other proceedings, conditions, or acts.
R.I. Gen. Laws § 42-116-16
No additional consent required
Known as the Rhode Island Depositors Economic Protection Act
The act spans §§ 42-116-1 to 42-116-9 (45 sections).
P.L. 1991, ch. 3, § 4.
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.