Rhode Island General Laws > Chapter 27-56 – Disclosure of Material Transactions Act
Current as of: 2024 | Check for updates
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Other versions
| § 27-56-1 | Report |
| § 27-56-2 | Acquisitions and dispositions of assets |
| § 27-56-3 | Nonrenewals, cancellations, or revisions of ceded reinsurance agreements |
Terms Used In Rhode Island General Laws > Chapter 27-56 - Disclosure of Material Transactions Act
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Subpoena: A command to a witness to appear and give testimony.