Rhode Island General Laws 37-6-6. Notice to Rhode Island economic development corporation of proposed acquisition or disposal
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Before acquiring and before disposing of any land or other real property or any interest, estate, or right therein, by conveyance, grant, lease, or license, except by license terminable by will, the acquiring authority shall give written notice of its contemplated or proposed action to the Rhode Island economic development corporation and afford the corporation a reasonable opportunity to study and make its recommendations thereon.
History of Section.
P.L. 1953, ch. 3105, § 3; G.L. 1956, § 37-6-6.
Terms Used In Rhode Island General Laws 37-6-6
- 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.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.