Rhode Island § 42-55-18 § 42-55-18. Pledge of the state.

Rhode Island Statutes

§ 42-55-18 — § 42-55-18. Pledge of the state.

Rhode Island § 42-55-18

Title 42State Affairs and Government

Ch. 42-55Rhode Island Housing and Mortgage Finance Corporation

This text of Rhode Island § 42-55-18 (§ 42-55-18. Pledge of the state.) 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 § 42-55-18 (2026).

Text

§ 42-55-18. Pledge of the state.
The state pledges to and agrees with the holders of any notes or bonds issued under
            this chapter that the state will not limit or alter the rights vested in the corporation
            to fulfill the terms of any agreements made with the holders or in any way impair
            the rights and remedies of those holders until those notes and bonds, together with
            their interest, with interest on any unpaid installments of interest, and all costs
            and expenses in connection with any action or proceeding by or on behalf of those
            holders, are fully met and discharged. The corporation is authorized to include this
            pledge and agreement o

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§ 42-55-18. Pledge of the state.

The state pledges to and agrees with the holders of any notes or bonds issued under this chapter that the state will not limit or alter the rights vested in the corporation to fulfill the terms of any agreements made with the holders or in any way impair the rights and remedies of those holders until those notes and bonds, together with their interest, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of those holders, are fully met and discharged. The corporation is authorized to include this pledge and agreement of the state in any agreement with the holders of those notes or bonds.