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·Title 7 Corporations, Associations and Partnerships·Ch. 7-8 Consumersâ€™ Cooperatives

§ 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.

Rhode Island § 7-8-21 (§ 7-8-21. Transfer of holdings.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.