Terms Used In Rhode Island General Laws > Chapter 34-29 - Textile Processors' Liens

• 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.
• Debtor: means all persons, partnerships, and corporations who may be indebted to a "processor" for work and labor performed and materials furnished in and about the business of spinning, throwing, manufacturing, bleaching, mercerizing, dyeing, weighting, printing, finishing, dressing or scraping of linen, cotton, wool, silk, artificial silk, yarns or goods, skins, pelts, furs, or hides or goods of which linen, cotton, wool, silk, artificial silk, skins, pelts, furs, or hides form a component part. See Rhode Island General Laws 34-29-1
• Lien: A claim against real or personal property in satisfaction of a debt.
• Owner: means all persons, partnerships, and corporations having title to the property herein described, either at law or in equity, or having a lien or encumbrance on the same or having any interest whatsoever in the same, excepting the lien of the processor herein created. See Rhode Island General Laws 34-29-1
• 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.
• Processor: means all persons, partnerships, and corporations engaged or that may be engaged in the business of spinning, throwing, manufacturing, bleaching, mercerizing, dyeing, weighting, printing, finishing, dressing, or scraping, or otherwise treating or processing of linen, cotton, wool, silk, artificial silks, yarns, or goods, skins, pelts, furs, or hides, or goods of which linen, cotton, wool, silk, artificial silk, skins, pelts, furs, or hides form a component part. See Rhode Island General Laws 34-29-1
• Property: means linen, cotton, wool, silk, artificial silk, yarn or goods, skins, pelts, furs, or hides, or goods of which linen, cotton, wool, silk, artificial silk, skins, pelts, furs, or hides form a component part. See Rhode Island General Laws 34-29-1