Rhode Island § 42-63.4-4 § 42-63.4-4. General powers.

Rhode Island Statutes

§ 42-63.4-4 — § 42-63.4-4. General powers.

Rhode Island § 42-63.4-4

Title 42State Affairs and Government

Ch. 42-63.4New Shoreham Tourism Council, Inc.

This text of Rhode Island § 42-63.4-4 (§ 42-63.4-4. General powers.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 42-63.4-4 (2026).

Text

§ 42-63.4-4. General powers.
Except to the extent inconsistent with any specific provision of this chapter, the
            corporation shall have the power:
         
(1) To sue and be sued, complain and defend, in its corporate name;
         
(2) To have a seal, which may be altered at pleasure and to use the seal by causing it,
            or a facsimile of the seal, to be impressed or affixed, or in any other manner reproduced;
         
(3) To purchase, take, receive, lease, or otherwise acquire, own, hold, improve, use and
            otherwise deal in and with, personal property, or any interest i

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§ 42-63.4-4. General powers.

Except to the extent inconsistent with any specific provision of this chapter, the corporation shall have the power:

(1) To sue and be sued, complain and defend, in its corporate name;

(2) To have a seal, which may be altered at pleasure and to use the seal by causing it, or a facsimile of the seal, to be impressed or affixed, or in any other manner reproduced;

(3) To purchase, take, receive, lease, or otherwise acquire, own, hold, improve, use and otherwise deal in and with, personal property, or any interest in personal property, wherever situated;

(4) To sell, convey, mortgage, pledge, lease, exchange, transfer, and otherwise dispose of all or any part of its property and assets for such consideration and upon such terms and conditions as the corporation shall determine;

(5) To make and execute agreements of lease, conditional sales contracts, installment sales contracts, loan agreements, mortgages, construction contracts, operation contracts, and other contracts and instruments necessary or convenient in the exercise of the powers and functions of the corporation granted by this chapter;

(6) To conduct its activities, carry on its operations, and have offices and exercise the powers granted by this chapter, within or outside of the state;

(7) To elect or appoint officers, and agents of the corporation, and define their duties and fix their compensation;

(8) To make and alter bylaws, not inconsistent with this chapter, for the administration and regulation of the affairs of the corporation; these bylaws may contain provisions indemnifying any person who is or was a director, officer, employee, or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee, or agent of another corporation, partnership, joint venture, trust, or other enterprise, in the manner and to the extent provided in § 7-1.2-814 of the business corporation act;

(9) To hire and fire employees as necessary to properly conduct the daily operation of the corporation; and

(10) To have and exercise all powers necessary or convenient to effect its purposes.