{"data":{"id":"us-ri/r.i.-gen.-laws-7-6-32","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 7-6-32","heading":"Loans to directors prohibited.","body":"No loans shall be made by a corporation to its directors. Any director who assents to or participates in the making of any loan is liable to the corporation for the amount of loan until its repayment.","path":["Title 7 Corporations, Associations, and Partnerships","Chapter 6 Rhode Island Nonprofit Corporation Act"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE7/7-6/7-6-32.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T19:02:34Z","sha256":"f0dda6fc60dbfcba8de98af9aba078f767b2a6e510975e7e336e12aeac07932c","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-7-6-31","next":"us-ri/r.i.-gen.-laws-7-6-33"},"notice":"GroundRules: Original legal text. Not legal advice."}