§ 7-15-2. Prohibited activities.
(a) It is unlawful for any person who has knowingly received any income derived directly
or indirectly from a racketeering activity or through collection of an unlawful debt,
to directly or indirectly use or invest any part of that income, or the proceeds of
that income in the acquisition of an interest in, or the establishment or operation
of any enterprise.
(b) It is unlawful for any person through a racketeering activity or through collection
of an unlawful debt to directly or indirectly acquire or maintain any interest in
or control of any enterprise.
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§ 7-15-2. Prohibited activities.
(a) It is unlawful for any person who has knowingly received any income derived directly
or indirectly from a racketeering activity or through collection of an unlawful debt,
to directly or indirectly use or invest any part of that income, or the proceeds of
that income in the acquisition of an interest in, or the establishment or operation
of any enterprise.
(b) It is unlawful for any person through a racketeering activity or through collection
of an unlawful debt to directly or indirectly acquire or maintain any interest in
or control of any enterprise.
(c) It is unlawful for any person employed by or associated with any enterprise to conduct
or participate in the conduct of the affairs of the enterprise through racketeering
activity or collection of an unlawful debt.
(d) Provided, that a purchase of securities on the open market for purposes of investment
and without the intention of controlling or participating in the control of the issuer,
or of assisting another to do so, is not unlawful under this section if the securities
of the issuer held by the purchaser, the members of his immediate family, and his
or her or their accomplices in a racketeering activity or the collection of an unlawful
debt after the purchase do not amount in the aggregate to one percent (1%) of the
outstanding securities of any one class, and do not, either in law or in fact, confer
the power to elect one or more directors of the issuer.