All moneys and other property of any nature or description received by the corporation pursuant to the provisions of this chapter, whether as proceeds from the issuance of bonds or as revenues or otherwise, and all income of any nature or description derived directly or indirectly therefrom, are deemed to be trust funds to be held and applied solely as provided in this chapter.
R.I. Gen. Laws § 42-116-20
Trust fund
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.