§ 42-55.2-5. Corporation’s authority to reject proposed transfers of property.
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.
History of Section.
P.L. 2025, ch. 255, § 1, effective June 27, 2025; P.L. 2025, ch. 275, § 1, effective
June 27, 2025.