Title 7
Corporations, Associations, and Partnerships

Chapter 8
Consumers’ Cooperatives

R.I. Gen. Laws § 7-8-23

§ 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.

History of Section.
P.L. 1947, ch. 1976, § 18; G.L. 1956, § 7-8-23.