Section 7-8-23 Impairment of solvency prohibited.

RI Gen L § 7-8-23 (2019) (N/A)
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§ 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.)