Rhode Island General Laws > Chapter 42-81 – Petroleum Allocation Act
Current as of: 2024 | Check for updates
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| § 42-81-1 | Short title |
| § 42-81-2 | Declaration of purpose |
| § 42-81-3 | Definitions |
| § 42-81-4 | Authority |
| § 42-81-5 | Provisions |
| § 42-81-6 | Penalties |
| § 42-81-7 | Enforcement |
Terms Used In Rhode Island General Laws > Chapter 42-81 - Petroleum Allocation Act
- 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.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- 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: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
- Trustee: A person or institution holding and administering property in trust.