Rhode Island General Laws 42-116-16. No additional consent required
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Except as provided in this section, bonds may be issued under this chapter without obtaining the consent of any executive office, department, division, commission, board, bureau, or corporation of the state or any political subdivision of the state, and without any other proceedings or the happening of any condition or acts other than those proceedings, conditions or acts which are specifically required in this chapter or under any applicable bond act, and the validity of and security for any bonds issued by the corporation pursuant to this chapter shall not be affected by the existence or nonexistence of any consent or other proceedings, conditions, or acts.
History of Section.
P.L. 1991, ch. 3, § 4.
Terms Used In Rhode Island General Laws 42-116-16
- Board: means the board of directors of the corporation. See Rhode Island General Laws 42-116-3
- Bonds: means the bonds, notes, or other evidences of indebtedness of the corporation. See Rhode Island General Laws 42-116-3
- Commission: means the select commission to investigate the failure of RISDIC insured financial institutions established pursuant to P. See Rhode Island General Laws 42-116-3
- 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.
- Corporation: means the Rhode Island depositors economic protection corporation. See Rhode Island General Laws 42-116-3
- Department: means the department of business regulation. See Rhode Island General Laws 42-116-3