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27 chapters · 850 sections in this title.
R.I. Gen. Laws § 7-6.1-1. Purpose of chapter
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The purpose of this chapter is to foster safe, decent, and affordable housing in the state by enabling individuals to form cooperative housing corporations for the purpose of developing, acquiring, owning, and operating multifamily housing on a cooperative plan.
R.I. Gen. Laws § 7-6.1-10. Articles or bylaws
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The articles or bylaws may provide: (1) For election of directors and other officials by unit or district; (2) For voting by stockholders or members on the basis of one vote per stockholder or member, or one vote per dwelling unit rather than one vote per share or certificate; (3…
R.I. Gen. Laws § 7-6.1-11. Net savings — Apportionment
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At least once a year, the board of every cooperative housing corporation shall, after first setting aside an adequate portion of the net savings in a reserve fund for the general operation of the business, apportion the remainder of the net savings in one or more of the following…
R.I. Gen. Laws § 7-6.1-12. Termination of proprietary leases
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A cooperative housing corporation may terminate all of its proprietary leases, but only by agreement of proprietary lessees holding at least eighty percent (80%) of its stock or any larger percentage than specified in the articles or bylaws.
