As used in this title:

Terms Used In Rhode Island General Laws 31-23.2-2

  • Bequest: Property gifted by will.
  • 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.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Motor vehicle: means any vehicle driven or drawn by mechanical power for use on the public streets, roads, and highways;

    (2) "Odometer" means an instrument for measuring and recording the actual distance a motor vehicle travels while in operation;

    (3) "Person" means any individual, sole proprietorship, partnership, corporation, or business trust including, but not limited to, private individuals and motor vehicle dealers, both wholesale and retail, whether the private individual or dealer is a dealer in the ordinary course of business or not;

    (4) "Repair and replacement" means to restore to a sound working condition by replacing the instrument or any part thereof or by correcting what is inoperative;

    (5) "Transfer" means to acquire ownership by purchase, gift, bequest, or any other means. See Rhode Island General Laws 31-23.2-2

  • 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.

(1) “Motor vehicle” means any vehicle driven or drawn by mechanical power for use on the public streets, roads, and highways;

(2) “Odometer” means an instrument for measuring and recording the actual distance a motor vehicle travels while in operation;

(3) “Person” means any individual, sole proprietorship, partnership, corporation, or business trust including, but not limited to, private individuals and motor vehicle dealers, both wholesale and retail, whether the private individual or dealer is a dealer in the ordinary course of business or not;

(4) “Repair and replacement” means to restore to a sound working condition by replacing the instrument or any part thereof or by correcting what is inoperative;

(5) “Transfer” means to acquire ownership by purchase, gift, bequest, or any other means.

History of Section.
(P.L. 1972, ch. 14, § 1; P.L. 1985, ch. 392, § 1.)