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Rhode Island General Laws Title 46. Waters and Navigation § 46-25-52. Security for notes

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) The principal of and interest on any notes issued by the commission may be secured by a pledge of the general credit of the commission.

(b) Any resolution under which notes of the commission are authorized to be used (and any trust indenture established thereby) may contain provisions for vesting in a trustee, or paying agent, such properties, rights, powers, and duties in trust as the commission may determine.

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Cite this article: FindLaw.com - Rhode Island General Laws Title 46. Waters and Navigation § 46-25-52. Security for notes - last updated January 01, 2024 | https://codes.findlaw.com/ri/title-46-waters-and-navigation/ri-gen-laws-sect-46-25-52/

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