Rhode Island General Laws > Chapter 27-11 – Investment in Real Estate
Current as of: 2023 | Check for updates
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Other versions
| § 27-11-1 | Power of life insurance company to acquire and hold property |
| § 27-11-2 | Power to erect, maintain, improve, and rent structures |
| § 27-11-3 | Maximum investment in real property |
Terms Used In Rhode Island General Laws > Chapter 27-11 - Investment in Real Estate
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- United States: include the several states and the territories of the United States. See Rhode Island General Laws 43-3-8