§ 28-29-23. Termination provisions in alternative scheme.
No scheme which provides for contributions by employees shall be certified as provided in § 28-29-22 which does not contain suitable provisions for the equitable distribution of any money or securities held for the purpose of the scheme, after due provision has been made to discharge the liabilities already incurred, if and when that certificate is revoked or the scheme otherwise terminated.
History of Section.
P.L. 1912, ch. 831, art. 4, § 2; G.L. 1923, ch. 92, art. 4, § 2; G.L. 1938, ch. 300,
art. 4, § 2; P.L. 1954, ch. 3297, § 1; G.L. 1956, § 28-29-23.