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RHODE ISLAND STATUTES AND CODES
§ 7-6-32 - Loans to directors prohibited.
SECTION 7-6-32
§ 7-6-32 Loans to directors prohibited.– No loans shall be made by a corporation to its directors. Any director whoassents to or participates in the making of any loan is liable to thecorporation for the amount of loan until its repayment.
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