There is a newer version
of
this Section
2017 Rhode Island General Laws
Title 27 - Insurance
Chapter 27-11 - Investment in Real Estate
Section 27-11-3 - Maximum investment in real property.
Universal Citation: RI Gen L § 27-11-3 (2017)
§ 27-11-3. Maximum investment in real property.
No real property shall be purchased, leased, held, or improved under this chapter if the cost or value of the property, or the cost of the improvements on it, or all of them on the date of the purchase, lease, or acquisition, plus the book value on the date of all real property held by the company, exceeds twenty percent (20%) of its assets.
History of Section.
(P.L. 1947, ch. 1866, § 1; G.L. 1956, § 27-11-3.)
Disclaimer: These codes may not be the most recent version. Rhode Island may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
