Rhode Island § 7-1-7 § 7-1-7. Fees payable by corporations created by legislative act.

Rhode Island Statutes

§ 7-1-7 — § 7-1-7. Fees payable by corporations created by legislative act.

Rhode Island § 7-1-7

Title 7Corporations, Associations and Partnerships

Ch. 7-1Corporations â€” General Provisions

This text of Rhode Island § 7-1-7 (§ 7-1-7. Fees payable by corporations created by legislative act.) 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 § 7-1-7 (2026).

Text

§ 7-1-7. Fees payable by corporations created by legislative act.
Before any corporation, other than a corporation for religious, literary, or charitable
            purposes, or a military or fire company, is organized under a charter granted by special
            act of the general assembly, the petitioners for the charter shall pay into the general
            treasury, for the use of the state, one-tenth of one percent (.1%) of the total amount
            of its authorized capital stock having par value, and in the case of stock having
            no par value ten cents ($0.10) for each share, but in no case less than one hundred
            dollars ($100); and whenever the authorized capital stock of any such cor

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§ 7-1-7. Fees payable by corporations created by legislative act.

Before any corporation, other than a corporation for religious, literary, or charitable purposes, or a military or fire company, is organized under a charter granted by special act of the general assembly, the petitioners for the charter shall pay into the general treasury, for the use of the state, one-tenth of one percent (.1%) of the total amount of its authorized capital stock having par value, and in the case of stock having no par value ten cents ($0.10) for each share, but in no case less than one hundred dollars ($100); and whenever the authorized capital stock of any such corporation is increased by special act of the general assembly, the corporation shall pay into the general treasury, for the use of the state, one-tenth of one percent (.1%) of the total amount of the authorized increase in the case of stock having par value, and in the case of stock having no par value, ten cents ($0.10) for each share of the authorized increase; and the secretary of state shall not issue a certified copy of any act creating a corporation, or a certified copy of any act providing for an increase, until the secretary receives the certificate of the general treasurer to the effect that the required sum has been paid.

Legislative History

G.L. 1896, ch. 29, § 16; G.L. 1909, ch. 39, § 16; P.L. 1920, ch. 1925, § 87; G.L. 1923, ch. 37, § 12; P.L. 1929, ch. 1391, § 3; G.L. 1938, ch. 116, § 97; G.L. 1956, § 7-1-7.