§ 37-12.1-1 Definitions
§ 37-12.1-2 Substitution of security for retained earnings by designers
§ 37-12.1-3 Deduction from retained earnings
§ 37-12.1-4 Endorsement on securities
§ 37-12.1-5 Applicability

Terms Used In Rhode Island General Laws > Chapter 37-12.1 - Substitution of Security for Retained Earnings of Architects and Engineers

  • Contract: A legal written agreement that becomes binding when signed.
  • 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
  • Public works contract: means a contract to perform design or planning services by a designer with the state, any agency, or governmental subdivisions thereof. See Rhode Island General Laws 37-12.1-1
  • Retained earnings: means any money or earned estimates withheld from a designer pursuant to the terms of a public works contract. See Rhode Island General Laws 37-12.1-1
  • United States: include the several states and the territories of the United States. See Rhode Island General Laws 43-3-8