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2018 Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-6.1 Cooperative Housing Corporations
Section 7-6.1-13 Loans.
Universal Citation: RI Gen L § 7-6.1-13 (2018)
§ 7-6.1-13. Loans.
Any financial institution organized, incorporated, chartered, or licensed to conduct business under the laws of the state of Rhode Island shall be authorized to make loans secured by a pledge of a proprietary lease and the appurtenant stock of a cooperative housing corporation upon the same terms and with the same limitations as loans secured by mortgages of real property.
History of Section.
(P.L. 1986, ch. 256, § 1; P.L. 2018, ch. 346, § 7.)
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