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Rhode Island · Through site files published 2025-08-13 · Newer source version available

R.I. Gen. Laws § 7-1.2-607: Expenses of organization, reorganization and financing.

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Where this section sits in the code
  1. Title 7 Corporations, Associations, and Partnerships
  2. Chapter 1.2 Rhode Island Business Corporation Act
  3. Part 6 Shares Issuance and Distributions

The reasonable charges and expenses of organization or reorganization of a corporation, and the reasonable expenses of and compensation for the sale or underwriting of its shares, may be paid or allowed by the corporation out of the consideration received by it in payment for its shares without rendering the shares not fully paid or assessable.

Collected 2026-09-05T18:45:24Z. Source file · JSON

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