{"data":{"id":"us-ri/r.i.-gen.-laws-7-1.2-605","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 7-1.2-605","heading":"Par value per share.","body":"Solely for the purpose of any statute or regulation imposing any tax or fee based upon the capitalization of a corporation, unless otherwise stated in the articles of incorporation, all authorized shares of a corporation organized under this chapter are deemed to have a nominal or par value of one cent ($0.01) per share. If any federal or other statute or regulation applicable to a particular corporation requires that the shares of such corporation have a par value, such shares have the par value determined by the board of directors in order to satisfy the requirements of such statute or regulation.","path":["Title 7 Corporations, Associations, and Partnerships","Chapter 1.2 Rhode Island Business Corporation Act","Part 6 Shares Issuance and Distributions"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE7/7-1.2/7-6/7-1.2-605.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T18:45:14Z","sha256":"87d8691fbf3deca6ca797e22466d242f8da257bd90b894ddf159302593ec41e5","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-7-1.2-604","next":"us-ri/r.i.-gen.-laws-7-1.2-606"},"notice":"GroundRules: Original legal text. Not legal advice."}