§ 37-7.1-1 Executive director of economic development corporation – Authorization
§ 37-7.1-2 Acquiring authority – Powers
§ 37-7.1-3 Use of proceeds
§ 37-7.1-4 Director of environmental management department – Authorization – Certain Smithfield property
§ 37-7.1-5 Transfer of Smithfield property
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Terms Used In Rhode Island General Laws > Chapter 37-7.1 - Rhode Island Economic Development Corporation - Sale of Property

  • 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.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • real estate: may be construed to include lands, tenements, and hereditaments and rights thereto and interests therein. See Rhode Island General Laws 43-3-10
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • town: may be construed to include city; the words "town council" include city council; the words "town clerk" include city clerk; the words "ward clerk" include clerk of election district; the words "town treasurer" include city treasurer; and the words "town sergeant" include city sergeant. See Rhode Island General Laws 43-3-9