Rhode Island § 16-32-15 - University of Rhode Island [See Title 16 Chapter 97 — The Rhode Island Board of Education Act]
Full text of Rhode Island Rhode Island General Laws § 16-32-15 — University of Rhode Island [See Title 16 Chapter 97 — The Rhode Island Board of Education Act], with citation guidance and answers to common questions.
§ 16-32-15. University of Rhode Island [See Title 16 Chapter 97 — The Rhode Island Board of Education Act]
R.I. Gen. Laws § 16-32-15
§ 16-32-15. Assumption of defaulted obligations — Lien on property.
Whenever default is made on the part of a society in the payment of loans guaranteed under the provisions of § 16-32-12, or any part of them, the board of trustees is authorized to assume the obligation and to make required payments on principal and interest from any of the appropriations available for the university of Rhode Island. In the event of a default, in cases where that board assumes the obligation of a society, the state shall have a lien subject to any mortgages or encumbrances existing at the time on any and all property of the society. The lien may be released after the reimbursement to the state of all payments made on behalf of the society, plus accrued interest.
History of Section.
P.L. 1922, ch. 2190, § 3; G.L. 1923, ch. 83, § 10; P.L. 1936, ch. 2295, § 1; G.L.
1938, ch. 188, § 12; impl. am. P.L. 1939, ch. 688, § 3; P.L. 1951, ch. 2686, § 3;
G.L. 1956, § 16-32-15; P.L. 2019, ch. 88, art. 9, § 3.
Source: official Rhode Island text · Last verified 2026-08-27
Frequently Asked Questions About Rhode Island § 16-32-15
What does Rhode Island General Laws § 16-32-15 cover?
Section 16-32-15 ("University of Rhode Island [See Title 16 Chapter 97 — The Rhode Island Board of Education Act]") is part of the Rhode Island General Laws, the codified statutory law of Rhode Island. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Rhode Island § 16-32-15?
A common citation format is "Rhode Island General Laws § 16-32-15" (Rhode Island). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Rhode Island law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Rhode Island official source linked on this page or consult a licensed Rhode Island attorney.
How does Rhode Island § 16-32-15 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Rhode Island can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Rhode Island.