§7-6.1-13  Loans. –


Published: 2015

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TITLE 7

Corporations, Associations, and Partnerships

CHAPTER 7-6.1

Cooperative Housing Corporations

SECTION 7-6.1-13



   § 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 are authorized to

make loans secured by a pledge of a proprietary lease and the appurtenant stock

of a cooperative housing corporation on the same terms and limitations as loans

secured by mortgages of real property.



History of Section.

(P.L. 1986, ch. 256, § 1.)