Rhode Island General Laws 27-20.3-8. Corporation deemed public charitable institution
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Every nonprofit prepaid service corporation is declared to be, and shall be deemed to be, a charitable institution and shall be subject to the provisions of chapter 6 of Title 7, except as otherwise expressly provided in this chapter, and to this chapter.
History of Section.
P.L. 1976, ch. 179, § 1.
Terms Used In Rhode Island General Laws 27-20.3-8
- 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.