§ 45-54-4 — § 45-54-4. Resolution conclusive as to capacity of corporation.
This text of Rhode Island § 45-54-4 (§ 45-54-4. Resolution conclusive as to capacity of corporation.) 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.
Text
§ 45-54-4. Resolution conclusive as to capacity of corporation.
In any suit, action, or proceeding involving the validity or enforcement of, or relating to, any contract by, or on behalf of, a corporation, the corporation is exclusively deemed to be established and authorized to transact business and exercise its powers upon proof of the adoption of a resolution by the city or town council declaring the need for the corporation to function.
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Rhode Island § 45-54-4, Counsel Stack Legal Research, https://law.counselstack.com/statute/ri/45-54-4.