Rhode Island General Laws 34-22-3. Release of power – Contract not to exercise
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A person to whom any power, whether or not coupled with an interest, is given, may release, or contract not to exercise, the power, unless prevented from so doing by the terms of the power.
History of Section.
G.L. 1896, ch. 202, § 22; G.L. 1909, ch. 253, § 22; G.L. 1923, ch. 297, § 22; G.L. 1938, ch. 488, § 4; G.L. 1956, § 34-22-3.
Terms Used In Rhode Island General Laws 34-22-3
- Contract: A legal written agreement that becomes binding when signed.
- person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6