Rhode Island § 7-1-23 § 7-1-23. Recovery of penalties — Compromise.

Rhode Island Statutes

§ 7-1-23 — § 7-1-23. Recovery of penalties — Compromise.

Rhode Island § 7-1-23

Title 7Corporations, Associations and Partnerships

Ch. 7-1Corporations â€” General Provisions

This text of Rhode Island § 7-1-23 (§ 7-1-23. Recovery of penalties — Compromise.) 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 § 7-1-23 (2026).

Text

§ 7-1-23. Recovery of penalties — Compromise.
All penalties imposed by the terms of the general corporation law for failure to comply
            with the requirements of that law shall be recovered in a civil action brought in
            the name and on behalf of the state by the attorney general; provided, however, that
            the attorney general may, after examination of the facts as he or she deems advisable,
            compromise any penalty instead of instituting an action for the penalty, and permit
            the payment to the general treasurer for the use of the state of a smaller sum in
            lieu of the maximum penalty provided by the general corporation law.
         

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§ 7-1-23. Recovery of penalties — Compromise.

All penalties imposed by the terms of the general corporation law for failure to comply with the requirements of that law shall be recovered in a civil action brought in the name and on behalf of the state by the attorney general; provided, however, that the attorney general may, after examination of the facts as he or she deems advisable, compromise any penalty instead of instituting an action for the penalty, and permit the payment to the general treasurer for the use of the state of a smaller sum in lieu of the maximum penalty provided by the general corporation law.