Rhode Island § 42-34-16 § 42-34-16. Interest of members of authority.

Rhode Island Statutes

§ 42-34-16 — § 42-34-16. Interest of members of authority.

Rhode Island § 42-34-16

Title 42State Affairs and Government

Ch. 42-34Industrial-Recreational Building Authority

This text of Rhode Island § 42-34-16 (§ 42-34-16. Interest of members of authority.) 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 § 42-34-16 (2026).

Text

§ 42-34-16. Interest of members of authority.
No member of the authority shall participate in any decision on any contract of insurance
            in which the member has any interests, direct or indirect, in any firm, partnership,
            corporation, or association that would be the mortgagee, whose loan to a local development
            corporation is insured by the authority, or if the member has any interest, direct
            or indirect, in any firm, partnership, corporation, or association that would rent,
            lease, or otherwise occupy the premises constructed by the local development corporation
            where the corporation's mortgage is insured by the authority, or if the member is
       

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§ 42-34-16. Interest of members of authority.

No member of the authority shall participate in any decision on any contract of insurance in which the member has any interests, direct or indirect, in any firm, partnership, corporation, or association that would be the mortgagee, whose loan to a local development corporation is insured by the authority, or if the member has any interest, direct or indirect, in any firm, partnership, corporation, or association that would rent, lease, or otherwise occupy the premises constructed by the local development corporation where the corporation's mortgage is insured by the authority, or if the member is a director or officer or otherwise associated with the local development corporation whose mortgage is insured by the authority.