The corporation is hereby allowed to reject any proposed transfer of any real estate asset in control of the land bank for any reason including, but not limited to, polluted, contaminated, or problematic parcels which would, in the judgment of the corporation, create a harm to the finances, operations, or interests for the land bank, the corporation, or the state.
R.I. Gen. Laws § 42-55.2-5
Corporation’s authority to reject proposed transfers of property
P.L. 2025, ch. 255, § 1, effective June 27, 2025; P.L. 2025, ch. 275, § 1, effective June 27, 2025.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.