TITLE 7
Corporations, Associations, and Partnerships
CHAPTER 7-8
Consumers' Cooperatives
SECTION 7-8-4
§ 7-8-4 Application of general corporation
law.
(a) The provisions of chapter 1.2 of this title apply to associations formed
under this chapter, except insofar as they are inconsistent with this chapter.
(b) Wherever, in chapter 1.2 the word "stockholder" or
"stockholders" is used, the word shall be construed, where appropriate, to
include within its meaning members in associations formed without capital
stock. Nothing contained in these chapters, however, shall be construed to
permit associations formed under the provisions of this chapter to issue stock
without par value.
History of Section.
(P.L. 1947, ch. 1976, § 4; G.L. 1956, § 7-8-4; P.L. 1985, ch. 2,
§ 1; P.L. 2005, ch. 36, § 6; P.L. 2005, ch. 72, § 6.)