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§7-8-4  Application of general corporation law. –

Published: 2015

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Corporations, Associations, and Partnerships


Consumers' Cooperatives


   § 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.)