Rhode Island § 27-11-3 § 27-11-3. Maximum investment in real property.

Rhode Island Statutes

§ 27-11-3 — § 27-11-3. Maximum investment in real property.

Rhode Island § 27-11-3

Title 27Insurance

Ch. 27-11Investment in Real Estate

This text of Rhode Island § 27-11-3 (§ 27-11-3. Maximum investment in real property.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 27-11-3 (2026).

Text

§ 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.
         

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§ 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.