Rhode Island General Laws 42-105-6. Transfer of assets, rights, and responsibilities
All assets presently held by the Newport and Bristol tourism and convention authority are transferred to the corporation created by this chapter. Assets include all property, tangible and intangible, whether located within or without the state. Whenever in the general laws or any public law reference is made to the Newport and Bristol tourism and convention authority, the Newport and Bristol County convention and visitors’ bureau dba Discover Newport shall be substituted, and the bureau shall assume all responsibilities and rights as may be set forth in the general or public law.
History of Section.
P.L. 1988, ch. 418, § 1; P.L. 2009, ch. 205, § 3; P.L. 2009, ch. 242, § 3; P.L. 2023, ch. 208, § 1, effective June 21, 2023; P.L. 2023, ch. 209, § 1, effective June 21, 2023.
Terms Used In Rhode Island General Laws 42-105-6
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
- Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.