Rhode Island General Laws 39-6-5. Stockholders’ access to books
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Every stockholder of any railroad corporation incorporated within this state may, at all reasonable times, examine the books, papers, and accounts of the corporation in which he or she is a stockholder; and if any clerk or other officer of any railroad corporation having the custody of the books, papers, and accounts of the corporation, shall refuse to permit any stockholder of the corporation to inspect the books, papers, and accounts thereof, the person so offending shall forfeit one hundred dollars ($100).
History of Section.
G.L. 1896, ch. 187, § 39; G.L. 1909, ch. 215, § 43; G.L. 1923, ch. 251, § 34; G.L. 1938, ch. 124, § 34; G.L. 1956, § 39-6-5.
Terms Used In Rhode Island General Laws 39-6-5
- 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.
- person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
- Railroad: means and includes every railroad other than a street railway, by whatsoever power, operated for public use in the conveyance in this state of persons or property for compensation, with all bridges, ferries, tunnels, switches, spurs, tracks, stations, wharves, and terminal facilities of every kind, used, operated, controlled, leased, or owned by or in connection with any railroad. See Rhode Island General Laws 39-1-2