Rhode Island § 46-12.2-23 § 46-12.2-23. Duration of agency — Termination.

Rhode Island Statutes

§ 46-12.2-23 — § 46-12.2-23. Duration of agency — Termination.

Rhode Island § 46-12.2-23

Title 46Waters and Navigation

Ch. 46-12.2Rhode Island Infrastructure Bank

This text of Rhode Island § 46-12.2-23 (§ 46-12.2-23. Duration of agency — 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 § 46-12.2-23 (2026).

Text

§ 46-12.2-23. Duration of agency — Termination.
The agency and its corporate existence shall continue until terminated by law; provided,
            however, that no such law shall take effect so long as the agency shall have bonds
            outstanding, unless adequate provision has been made for the payment or satisfaction
            thereof. Upon termination of the agency, the title to all funds and other properties
            owned by it, which remain after provision for the payment or satisfaction of all bonds
            of the agency, shall vest in the state. The obligations, debts, and liabilities of
            the agency shall be assumed by and imposed upon the state, and shall be transferred
            t

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§ 46-12.2-23. Duration of agency — Termination.

The agency and its corporate existence shall continue until terminated by law; provided, however, that no such law shall take effect so long as the agency shall have bonds outstanding, unless adequate provision has been made for the payment or satisfaction thereof. Upon termination of the agency, the title to all funds and other properties owned by it, which remain after provision for the payment or satisfaction of all bonds of the agency, shall vest in the state. The obligations, debts, and liabilities of the agency shall be assumed by and imposed upon the state, and shall be transferred to the state general treasurer or to such other successor as the general assembly may designate.