§ 7-7-1 Definitions
§ 7-7-2 Power to form associations
§ 7-7-3 Contents and filing of articles of association
§ 7-7-4 Incorporation fee – Certificate – Articles as evidence
§ 7-7-5 Associations deemed nonprofit
§ 7-7-6 General powers of associations
§ 7-7-7 Bylaws
§ 7-7-8 Qualifications of members
§ 7-7-9 Membership certificates – Settlement on termination of membership
§ 7-7-10 Voting rights
§ 7-7-11 Limited liability of members and stockholders
§ 7-7-12 Transfer of stock
§ 7-7-13 Restriction on dividends
§ 7-7-14 Directors – Meetings of association
§ 7-7-15 Amendment of articles
§ 7-7-16 Marketing contract – Enforcement
§ 7-7-17 Annual report – Examination of books
§ 7-7-18 Federation and cooperation between associations
§ 7-7-19 Use of name restricted to associations under chapter
§ 7-7-20 Application of general corporation law
§ 7-7-21 Annual tax
§ 7-7-22 Previously incorporated associations
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Terms Used In Rhode Island General Laws > Chapter 7-7 - Producers' Cooperatives

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • 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.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • 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.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • 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
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • 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
  • Personal property: All property that is not real property.
  • Proxy voting: The practice of allowing a legislator to cast a vote in committee for an absent legislator.
  • Quorum: The number of legislators that must be present to do business.
  • 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
  • seal: shall be construed to include an impression of the seal made with or without the use of wax or wafer on the paper. See Rhode Island General Laws 43-3-15