§ 42-81-1 Short title
§ 42-81-2 Declaration of purpose
§ 42-81-3 Definitions
§ 42-81-4 Authority
§ 42-81-5 Provisions
§ 42-81-6 Penalties
§ 42-81-7 Enforcement

Terms Used In Rhode Island General Laws > Chapter 42-81 - Petroleum Allocation Act

  • 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.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
  • Trustee: A person or institution holding and administering property in trust.