Rhode Island General Laws 33-21.1-14.2. Property held by hospitals, private, nonprofit institution of higher education or other domestic charitable corporations
All intangible property in the form of uncashed vendor checks which have been held in the custody of a hospital, private, nonprofit institutions of higher education or such other domestic charitable corporations for three (3) or more years and satisfies the conditions found in § 33-21.1-3(1) through (6) shall be presumed abandoned.
History of Section.
P.L. 1989, ch. 223, § 2; P.L. 1992, ch. 133, art. 86, § 2.
Terms Used In Rhode Island General Laws 33-21.1-14.2
- Hospital: means :
(i) Any nonprofit hospital incorporated under the laws of the state, including any nonprofit subsidiary corporations formed by any hospital or formed by the parent corporation of a hospital, or
(ii) Any nonprofit corporation the member or members of which consist solely of one or more hospitals or parent corporations of hospitals, or
(iii) Any other hospital which is licensed as a general hospital or maternity hospital pursuant to chapter 17 of Title 23 which is exempt from taxation. See Rhode Island General Laws 33-21.1-1