Rhode Island General Laws 42-64.2-9. Liberal construction
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Neither this chapter nor anything herein contained is or shall be construed as a restriction or limitation upon any powers which the corporation might otherwise have under any laws of this state, and this chapter is cumulative to any of those powers. This chapter does and shall be construed to provide a complete, additional, and alternative method for the doing of the things authorized thereby and shall be regarded as supplemental and additional to powers conferred by other laws.
History of Section.
P.L. 1982, ch. 205, § 1.
Terms Used In Rhode Island General Laws 42-64.2-9
- 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.