Rhode Island General Laws 19-6-1. Definitions
Current as of: 2023 | Check for updates
|
Other versions
For purposes of this chapter:
(1) “Company”, “control”, and “subsidiary” have the meaning set forth in the Bank Holding Company Act of 1956, 12 U.S.C. § 1841 et seq.
(2) “Rhode Island bank-holding company” means any company, association, partnership, corporation, or any other entity, however formed, that controls a regulated institution.
History of Section.
P.L. 1995, ch. 82, § 44.
Terms Used In Rhode Island General Laws 19-6-1
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.