Rhode Island Statutes
§ 7-6-32 — § 7-6-32. Loans to directors prohibited.
Rhode Island § 7-6-32
JurisdictionRhode Island
Title 7Corporations, Associations and Partnerships
Ch. 7-6Rhode Island Nonprofit Corporation Act
This text of Rhode Island § 7-6-32 (§ 7-6-32. Loans to directors prohibited.) 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 § 7-6-32 (2026).
Text
§ 7-6-32. Loans to directors prohibited.
No loans shall be made by a corporation to its directors. Any director who assents to or participates in the making of any loan is liable to the corporation for the amount of loan until its repayment.
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Legislative History
P.L. 1984, ch. 380, § 1; P.L. 1984, ch. 444, § 1.
Nearby Sections
15
§ 7-1-1
§ 7-1-1 — 7-1-4. [Repealed.]§ 7-1-15
§ 7-1-15, 7-1-16. [Repealed.]§ 7-1-18
§ 7-1-18 — 7-1-20. [Repealed.]§ 7-1-22
§ 7-1-22. [Repealed.]§ 7-1-24
§ 7-1-24 — 7-1-26. [Repealed.]§ 7-1-5.1
§ 7-1-5.1. [Repealed.]Cite This Page — Counsel Stack
Bluebook (online)
Rhode Island § 7-6-32, Counsel Stack Legal Research, https://law.counselstack.com/statute/ri/7-6-32.