R.I. Gen. Laws
Rhode Island General Laws

R.I. Gen. Laws § 19-5-16 (2026)

Maximum aggregate liability of one person or company

✓ text as last checked Sept. 2026 (this copy records no edition or section history)
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A credit union shall not permit any person or entity to borrow or guaranty, directly or indirectly, an amount(s), in the aggregate, that exceeds one percent (1%) of its total assets or twenty percent (20%) of the total unimpaired capital, whichever is greater. This limit shall not apply to a loan or loans secured by pledged shares or deposits in the credit union.

Notes of Decisions
Cited in 1 case, 1996–1996 · leading case: State v. LaRoche, 683 A.2d 989 (R.I. 1996).
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State v. LaRoche, 683 A.2d 989 (R.I. 1996). · cites it 2× “See G.L.1956 § 19-5-16. 7 . The indictment actually charged the defendant with committing the offense against Davisville.”
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