§ 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 shall be authorized to make loans secured by a pledge of a proprietary lease and the appurtenant stock of a cooperative housing corporation upon the same terms and with the same limitations as loans secured by mortgages of real property.
History of Section.P.L. 1986, ch. 256, § 1; P.L. 2018, ch. 346, § 7.
Structure Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-6.1 - Cooperative Housing Corporations
Section 7-6.1-1. - Purpose of chapter.
Section 7-6.1-3. - Cooperative housing corporations subject to certain laws.
Section 7-6.1-4. - Definitions.
Section 7-6.1-5. - Applicability of other laws — Conflict of laws.
Section 7-6.1-6. - Articles of organization.
Section 7-6.1-8. - Name — Forfeiture — Judicial action.
Section 7-6.1-9. - Power to make, amend, or repeal bylaws.
Section 7-6.1-10. - Articles or bylaws.
Section 7-6.1-11. - Net savings — Apportionment.