{"data":{"id":"us-ri/r.i.-gen.-laws-7-6-31","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 7-6-31","heading":"Dividends prohibited.","body":"A corporation may issue shares to its members, but no dividend shall be paid on the shares and no part of the income or profit of a corporation shall be distributed to its members, directors, or officers, except that dividends may be paid and income or profit may be distributed to its members by a corporation all of the members of which are corporations to which this chapter applies. A corporation may pay compensation in a reasonable amount to its members, directors, or officers for services rendered; may confer benefits upon its members in conformity with its purposes; and upon dissolution or final liquidation, may make distributions to its members as permitted by this chapter; and no payment, benefit, or distribution is deemed to be a dividend or a distribution of income or profit.","path":["Title 7 Corporations, Associations, and Partnerships","Chapter 6 Rhode Island Nonprofit Corporation Act"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE7/7-6/7-6-31.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T19:02:29Z","sha256":"a028db62191c8abc47ee9026c2c4aec75b23006e9cfe1ebdba0eac575a7327cc","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-7-6-30","next":"us-ri/r.i.-gen.-laws-7-6-32"},"notice":"GroundRules: Original legal text. Not legal advice."}