Rhode Island General Laws > Chapter 42-11.3 – Motor Vehicles Owned by a Governmental Body
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Terms Used In Rhode Island General Laws > Chapter 42-11.3 - Motor Vehicles Owned by a Governmental Body
- 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.
- 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.