Rhode Island § 7-8-21 § 7-8-21. Transfer of holdings.

Rhode Island Statutes

§ 7-8-21 — § 7-8-21. Transfer of holdings.

Rhode Island § 7-8-21

Title 7Corporations, Associations and Partnerships

Ch. 7-8Consumersâ€™ Cooperatives

This text of Rhode Island § 7-8-21 (§ 7-8-21. Transfer of holdings.) 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 § 7-8-21 (2026).

Text

§ 7-8-21. Transfer of holdings.
If the association fails, within ninety (90) days, to purchase all or any part of
            the holdings offered, their holder may dispose of the unpurchased interest elsewhere.
            No transferee of holdings in an association is entitled to the rights of membership
            until the transferee fulfills the requirements of eligibility of the association,
            including approval of his or her membership by the board of directors, if required.
         

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§ 7-8-21. Transfer of holdings.

If the association fails, within ninety (90) days, to purchase all or any part of the holdings offered, their holder may dispose of the unpurchased interest elsewhere. No transferee of holdings in an association is entitled to the rights of membership until the transferee fulfills the requirements of eligibility of the association, including approval of his or her membership by the board of directors, if required.