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.)