Rhode Island General Laws > Chapter 22-7.6 – Permanent Joint Committee on Small Business
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Terms Used In Rhode Island General Laws > Chapter 22-7.6 - Permanent Joint Committee on Small Business
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- Joint committee: Committees including membership from both houses of teh legislature. Joint committees are usually established with narrow jurisdictions and normally lack authority to report legislation.
- 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
- Quorum: The number of legislators that must be present to do business.
- Statute: A law passed by a legislature.