Rhode Island Statutes

§ 7-6.1-13 — § 7-6.1-13. Loans.

Rhode Island·Title 7 Corporations, Associations and Partnerships·Ch. 7-6.1 Cooperative Housing Corporations

§ 7-6.1-13. Loans.

Any financial institution organized, incorporated, chartered, or licensed to conduct business under the laws of the state of Rhode Island shall be authorized to make loans secured by a pledge of a proprietary lease and the appurtenant stock of a cooperative housing corporation upon the same terms and with the same limitations as loans secured by mortgages of real property.

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Rhode Island § 7-6.1-13 (§ 7-6.1-13. Loans.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

P.L. 1986, ch. 256, § 1; P.L. 2018, ch. 346, § 7.

Nearby Sections

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