Rhode Island General Laws 42-64-1.1. Change of name
(a) The corporation known as the “Rhode Island Economic Development Corporation” shall now be known as the “Rhode Island Commerce Corporation.” Whenever in any general law, public law, rule, regulation and/or bylaw, reference is made to the “department of economic development” or the “Rhode Island port authority and economic development corporation,” or the “Rhode Island economic development corporation,” the reference shall be deemed to refer to and mean the “Rhode Island commerce corporation,” which may also be referred to as the “commerce corporation.”
Terms Used In Rhode Island General Laws 42-64-1.1
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- authority: means the governmental agency and public instrumentality, formerly known as the "Rhode Island port authority and economic development corporation" and/or also formerly known as the "Rhode Island economic development corporation" and now known as the Rhode Island commerce corporation authorized, created, and established pursuant to § 42-64-4, or any subsidiary corporation thereof which is established pursuant to § 42-64-7. See Rhode Island General Laws 42-64-3
- 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.
- Director: means the executive director of the economic development corporation until such time that the secretary of commerce is appointed. See Rhode Island General Laws 42-64-3
- Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
- State: means the state of Rhode Island. See Rhode Island General Laws 42-64-3
(b) Whenever in any general or public law, reference is made to the “director of the department of economic development” or the “executive director of the Rhode Island port authority and economic development corporation,” the reference shall be deemed to refer to and mean the “executive director of the Rhode Island economic development corporation.” Upon the appointment of a secretary of commerce; whenever in any general or public law, reference is made to the “director of the department of economic development” or the “executive director of the Rhode Island port authority and economic development corporation,” or the “executive director of the Rhode Island economic development corporation,” the reference shall be deemed to refer to and mean the chief executive officer of the Rhode Island commerce corporation, who shall also be the secretary of the Rhode Island executive office of commerce.
(c) Whenever in any general or public law, reference is made to the “economic development council,” the reference shall be deemed to refer to and mean the “board of directors of the Rhode Island commerce corporation.”
(d) Nothing in this act shall be construed to change or modify the corporate existence of the former Rhode Island economic development corporation, which shall now be known as the “Rhode Island commerce corporation,” or to change or modify any contracts or agreements of any kind by, for, between, or to which the economic development corporation is a party or to effect in any way the property or assets of the Rhode Island economic development corporation. The commerce corporation is the successor in interest to the Rhode Island economic development corporation and the secretary of state shall change the name of the corporation on the articles of incorporation on file with the secretary of state from the Rhode Island economic development corporation to the Rhode Island commerce corporation effective as of January 1, 2014.
History of Section.
P.L. 1995, ch. 370, art. 12, § 7; P.L. 2013, ch. 243, § 3; P.L. 2013, ch. 490, § 3; P.L. 2014, ch. 7, § 1; P.L. 2014, ch. 8, § 1.