Rhode Island General Laws 7-6.1-8. Name – Forfeiture – Judicial action
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Any domestic or foreign person, partnership, association, or corporation, except producers’ cooperatives, consumers’ cooperatives, cooperative banks and corporations, transacting business in the state under any name or title containing the word “cooperative” or any close variation, forfeits to the state one hundred dollars ($100) for every day the name or title is used. The forfeiture may be recovered by an information brought in the supreme court or superior court by the attorney general or any other person. The court may enjoin the unlawful use and may make any other orders and decrees that justice and equity require.
History of Section.
P.L. 1986, ch. 256, § 1.
Terms Used In Rhode Island General Laws 7-6.1-8
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6