Rhode Island General Laws 7-7-1. Definitions
In this chapter, unless the context requires otherwise, the term:
(1) “Agricultural products” or “products” means field crops, horticultural, viticultural, forestry, nut, dairy, livestock, poultry, bee, and all farm products and the byproducts derived from any of them; and words used import the singular or the plural as the context demands;
(2) “Association” means any corporation formed under this chapter;
(3) “Member” means a person who owns a common stock in an association formed with capital stock, or who owns a certificate of membership in an association formed without capital stock;
(4) “Person” means an individual, a partnership, a corporation, an association, or two (2) or more persons having a joint or common interest.
History of Section.
P.L. 1928, ch. 1202, § 1; G.L. 1938, ch. 117, § 1; G.L. 1956, § 7-7-1.
Terms Used In Rhode Island General Laws 7-7-1
- 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