TITLE 7
Corporations, Associations, and Partnerships

CHAPTER 7-8
Consumers' Cooperatives

SECTION 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.)