(a)  The certificate of conversion to corporation (nonprofit) shall be delivered to the secretary of state. If the secretary of state finds that the certificate of conversion to corporation (nonprofit) conforms to law, the secretary of state shall, when all fees have been paid as prescribed in subsection (b) of this section:

(1)  Endorse on the original the word “Filed,” and the month, day, and year of the filing;

(2)  File the original in the secretary of state’s office; and

(3)  Issue a certificate of conversion to corporation (nonprofit).

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Terms Used In Rhode Island General Laws 7-6-48.4

  • 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.
  • Filing: means delivered to the secretary of state in either paper format or electronic transmission through a medium provided and authorized by the secretary of state. See Rhode Island General Laws 7-6-2

(b)  The secretary of state shall charge and collect for filing a certificate of conversion (nonprofit), twenty-five dollars ($25.00).

(c)  The certificate of conversion to corporation (nonprofit) shall be delivered to the corporation.

History of Section.
P.L. 2021, ch. 232, § 2, effective July 8, 2021; P.L. 2021, ch. 335, § 2, effective July 9, 2021.