(a)  A licensee shall maintain in a state an office that complies with the second sentence of Article 4(1) of The Hague Securities Convention.

Terms Used In Rhode Island General Laws 6-56-5

  • Agreement: means a written contractual agreement between the merchant and the third-party delivery service. See Rhode Island General Laws 6-58-1
  • Hague Securities Convention: means the Convention on the Law Applicable to Certain Rights in Respect of Securities Held with an Intermediary, concluded 5 July, 2006. See Rhode Island General Laws 6-56-2

(b)  The effect of this section may not be varied by agreement.

History of Section.
P.L. 2019, ch. 226, § 5; P.L. 2019, ch. 246, § 5.