Rhode Island Statutes
§ 7-8-23 — § 7-8-23. Impairment of solvency prohibited.
§ 7-8-23. Impairment of solvency prohibited.
No purchase or recall shall be made by the directors under § 7-8-20 or any other section if to do so would impair the solvency of the association.
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Rhode Island § 7-8-23 (§ 7-8-23. Impairment of solvency prohibited.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
P.L. 1947, ch. 1976, § 18; G.L. 1956, § 7-8-23.
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 [Repealed.]§ 7-1-15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 [Repealed.]§ 7-1-18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 [Repealed.]§ 7-1-22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 [Repealed.]§ 7-1-24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 [Repealed.]§ 7-1-5.1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 [Repealed.]