Rhode Island General Laws 42-64.25-10. Discretion
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The commerce corporation shall have no obligation to grant any loan under this chapter or provide any funding to a lending organization.
History of Section.
P.L. 2015, ch. 141, art. 19, § 8.
Terms Used In Rhode Island General Laws 42-64.25-10
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.