Terms Used In Rhode Island General Laws > Chapter 42-64.12 - Eminent Domain

• Affirmed: In the practice of the appellate courts, the decree or order is declared valid and will stand as rendered in the lower court.
• 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.
• Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
• Economic development: means the mobilization of intellectual, human, capital, physical and natural resources to generate marketable goods and services for purposes including, but not limited to, creating jobs, economic and employment opportunities, tax base, and wealth. See Rhode Island General Laws 42-64.12-5
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
• 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: means any individual, group of individuals, firm, corporation, association, partnership, or public or private entity. See Rhode Island General Laws 42-64.12-5
• Property: means land or other real property or any interest, estate, or right therein. See Rhode Island General Laws 42-64.12-5
• Public ownership and use: means the right of a public body to possess, use, and/or enjoy property in order to conduct a governmental function or to provide for a public activity. See Rhode Island General Laws 42-64.12-5
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• 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