§ 35-12-13. Agreement of the state.
The state does hereby pledge to and agree with the holders of any notes issued under this chapter, that the state will not limit or alter the rights vested in the corporation to fulfill the terms of any agreements made with the holders until these notes, together with the interest thereon, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of holders, are fully met and discharged. The corporation is authorized to include this pledge and agreement of the state in any agreement with the holders of notes.
History of Section.P.L. 1982, ch. 324, § 1.
Structure Rhode Island General Laws
Chapter 35-12 - University of Rhode Island Research Corporation
Section 35-12-1. - Short title.
Section 35-12-2. - Purpose and findings.
Section 35-12-3. - Definitions.
Section 35-12-4. - Creation — Powers — Construction of chapter — Termination.
Section 35-12-5. - General powers.
Section 35-12-6. - Additional powers.
Section 35-12-7. - Directors and officers.
Section 35-12-8. - Notes of the corporation.
Section 35-12-9. - Security for notes.
Section 35-12-10. - Trust funds.
Section 35-12-11. - Exemption from taxation.
Section 35-12-12. - Notes as legal investments.
Section 35-12-13. - Agreement of the state.
Section 35-12-14. - Credit of the state.
Section 35-12-15. - Sale of accounts.
Section 35-12-16. - Annual report and audit.
Section 35-12-17. - Chapter controlling over inconsistent provisions.
Section 35-12-18. - Construction with other statutes.