Terms Used In Rhode Island General Laws > Chapter 6A-8 > Part 3 - Transfer of Certificated and Uncertificated Securities

• Alcohol-without-liquid device: means a device, machine, apparatus, or appliance that is designed or marketed for the purpose of inhaling alcohol vapor or otherwise introducing alcohol in any form into the human body including, but not limited to, introducing a heating element to convert the alcohol to a vapor or by mixing alcohol with pure or diluted oxygen, or another gas, to produce an alcoholic vapor that an individual can inhale or snort. See Rhode Island General Laws 3-1-1
• Beverage: means any liquid that either by itself or by mixture with any other liquid or liquids, is, or may become, fit for human consumption as a drink and that contains five-tenths of one per cent (. See Rhode Island General Laws 3-1-1
• Club: means a corporation subject to the provisions of chapter 6 of Title 7, owning, hiring, or leasing a building or space in a building of such extent and character as may be suitable and adequate for the reasonable and comfortable accommodation of its members, and whose affairs and management are conducted by a board of directors, executive committee, or other similar body chosen by the members at a meeting held for that purpose, none of whose members, officers, agents, or employees are paid directly, or indirectly, any compensation by way of profit from the distribution or sale of beverages to the members of the club or to its guests beyond the amount of any reasonable salary or wages as may be fixed and voted each year by the directors or other governing body. See Rhode Island General Laws 3-1-1
• commission: means the commission established pursuant to § 2-27-3. See Rhode Island General Laws 2-27-2
• 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.
• Department: means the department of business regulation. See Rhode Island General Laws 3-1-1
• Department: means the department of environmental management. See Rhode Island General Laws 2-27-2
• Director: means the director of the department of business regulation. See Rhode Island General Laws 3-1-1
• Director: means the director of the department of environmental management, unless otherwise specified. See Rhode Island General Laws 2-27-2
• Division of taxation: means the division of taxation of the department of administration. See Rhode Island General Laws 3-1-1
• Donor: The person who makes a gift.
• Ex officio: Literally, by virtue of one's office.
• Forest land: means any tract or contiguous tracts of land, ten (10) acres or larger bearing a dense growth of trees, including any underbrush, and having either the quality of self-perpetuation, or being dependent upon its development by the planting and replanting of trees in stands of closely growing timber. See Rhode Island General Laws 2-27-2
• Fund: means the forest land conservation fund established pursuant to § 2-27-6. See Rhode Island General Laws 2-27-2
• Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. ^{Source: OCC}
• 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.
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
• Quorum: The number of legislators that must be present to do business.
• Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.