Rhode Island General Laws 27-1-19. Declaration of forfeiture
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The court shall, upon hearing of the parties to the complaint, if it sees cause, declare the charter of the corporation forfeited.
History of Section.
G.L. 1896, ch. 181, § 10; G.L. 1909, ch. 219, § 10; G.L. 1923, ch. 255, § 10; G.L. 1938, ch. 150, § 9; G.L. 1956, § 27-1-19.
Terms Used In Rhode Island General Laws 27-1-19
- Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
- 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.