Rhode Island § 42-64.25-9 § 42-64.25-9. Termination.

Rhode Island Statutes

§ 42-64.25-9 — § 42-64.25-9. Termination.

Rhode Island § 42-64.25-9

Title 42State Affairs and Government

Ch. 42-64.25Small Business Assistance Program

This text of Rhode Island § 42-64.25-9 (§ 42-64.25-9. Termination.) 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 § 42-64.25-9 (2026).

Text

§ 42-64.25-9. Termination.
Upon termination of a lending organization's participation in the program, the lending
            organization shall return to the commerce corporation, promptly after its demand therefor,
            an accounting of all program funds received by the lending organization, including
            a transfer of all currently outstanding loans that were made using program funds.
            Notwithstanding such termination, the lending organization shall remain liable to
            the commerce corporation with respect to any unpaid amount due from the lending organization
            pursuant to the terms of the commerce corporation's provision of funds to the lending
            organization.

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§ 42-64.25-9. Termination.

Upon termination of a lending organization's participation in the program, the lending organization shall return to the commerce corporation, promptly after its demand therefor, an accounting of all program funds received by the lending organization, including a transfer of all currently outstanding loans that were made using program funds. Notwithstanding such termination, the lending organization shall remain liable to the commerce corporation with respect to any unpaid amount due from the lending organization pursuant to the terms of the commerce corporation's provision of funds to the lending organization.