{"data":{"id":"us-ri/r.i.-gen.-laws-42-116-23","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 42-116-23","heading":"Certain agreements.","body":"No agreement which tends to diminish or defeat the interest of the corporation in any asset acquired by it under this chapter is valid against the corporation unless the agreement:\n(1) Is in writing;\n(2) Was executed by the eligible institution and any person claiming an adverse interest thereunder, including the obligor, contemporaneously with the acquisition of the asset by the eligible institution;\n(3) Was approved by the board of directors of the eligible institution or its loan committee; which approval is reflected in the minutes of the board or committee; and\n(4) Has been, continuously, from the time of its execution, an official record of the eligible institution.","path":["Title 42 State Affairs and Government","Chapter 116 Rhode Island Depositors Economic Protection Corporation"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE42/42-116/42-116-23.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T20:00:09Z","sha256":"24e0d7a202c470b971736c5a12475cfbd7be35aa800bb667497684f6e43d3e16","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-42-116-22","next":"us-ri/r.i.-gen.-laws-42-116-24"},"notice":"GroundRules: Original legal text. Not legal advice."}