Rhode Island § 7-8-20 § 7-8-20. Association's preemptive right to repurchase shares.

Rhode Island Statutes

§ 7-8-20 — § 7-8-20. Association's preemptive right to repurchase shares.

Rhode Island § 7-8-20

Title 7Corporations, Associations and Partnerships

Ch. 7-8Consumersâ€™ Cooperatives

This text of Rhode Island § 7-8-20 (§ 7-8-20. Association's preemptive right to repurchase shares.) 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 § 7-8-20 (2026).

Text

§ 7-8-20. Association's preemptive right to repurchase shares.
If any holder of shares desires to dispose of any or all of his or her holdings in
            the association, he or she shall offer the holdings to the association, and the directors
            have the power to purchase, within ninety (90) days of the offer, the holdings by
            paying the member the par value of any or all of the holdings offered.
         

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§ 7-8-20. Association's preemptive right to repurchase shares.

If any holder of shares desires to dispose of any or all of his or her holdings in the association, he or she shall offer the holdings to the association, and the directors have the power to purchase, within ninety (90) days of the offer, the holdings by paying the member the par value of any or all of the holdings offered.