Rhode Island General Laws 41-3-20. Majority of directors of licensee to be residents
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The majority of the membership of the board of directors of any corporation licensed to hold or conduct any meeting within the state where horse racing shall be permitted for any stake, purse, or reward, shall be residents of the state.
History of Section.
P.L. 1960, ch. 202, § 1.
Terms Used In Rhode Island General Laws 41-3-20
- 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.