Rhode Island § 42-116-5.1 § 42-116-5.1. Sale of property.

Rhode Island Statutes

§ 42-116-5.1 — § 42-116-5.1. Sale of property.

Rhode Island § 42-116-5.1

Title 42State Affairs and Government

Ch. 42-116Rhode Island Depositors Economic Protection Corporation

This text of Rhode Island § 42-116-5.1 (§ 42-116-5.1. Sale of 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 § 42-116-5.1 (2026).

Text

§ 42-116-5.1. Sale of property.
Notwithstanding any other provision of this chapter, the corporation shall not sell
            or convey any property valued at more than five hundred dollars ($500) unless and
            until the buyers of the property disclose their identity in a public record. For the
            purposes of this section, the term "identityâ€� shall be construed as all shareholders
            of corporations, which are not publicly held, all general and limited partners of
            partnerships, and in the case of a limited liability company, all officers, managers
            and members of the company.
         

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§ 42-116-5.1. Sale of property.

Notwithstanding any other provision of this chapter, the corporation shall not sell or convey any property valued at more than five hundred dollars ($500) unless and until the buyers of the property disclose their identity in a public record. For the purposes of this section, the term "identityâ€� shall be construed as all shareholders of corporations, which are not publicly held, all general and limited partners of partnerships, and in the case of a limited liability company, all officers, managers and members of the company.