Rhode Island General Laws 39-6-4. Supervision by president and directors
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The president and directors of every railroad corporation shall maintain, by themselves or by an executive committee of the directors, a watchful supervision over the management of their road.
History of Section.
G.L. 1896, ch. 187, § 10; G.L. 1909, ch. 215, § 13; G.L. 1923, ch. 251, § 4; G.L. 1938, ch. 124, § 4; G.L. 1956, § 39-6-4.
Terms Used In Rhode Island General Laws 39-6-4
- 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.
- Railroad: means and includes every railroad other than a street railway, by whatsoever power, operated for public use in the conveyance in this state of persons or property for compensation, with all bridges, ferries, tunnels, switches, spurs, tracks, stations, wharves, and terminal facilities of every kind, used, operated, controlled, leased, or owned by or in connection with any railroad. See Rhode Island General Laws 39-1-2