Rhode Island § 7-8-17 § 7-8-17. Membership of organizations — Payment of capital as prerequisite to membership.

Rhode Island Statutes

§ 7-8-17 — § 7-8-17. Membership of organizations — Payment of capital as prerequisite to membership.

Rhode Island § 7-8-17

Title 7Corporations, Associations and Partnerships

Ch. 7-8Consumersâ€™ Cooperatives

This text of Rhode Island § 7-8-17 (§ 7-8-17. Membership of organizations — Payment of capital as prerequisite to membership.) 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 § 7-8-17 (2026).

Text

§ 7-8-17. Membership of organizations — Payment of capital as prerequisite to membership.
No corporation or organization or group of any kind shall be eligible to membership
            in an association unless it is organized on a cooperative or nonprofit basis, and
            no person, association, or organization or group of any kind shall be deemed a member
            of an association until the association has received payment in full for the par value
            of the minimum amount of share or membership capital stated in the articles as necessary
            to qualify for membership.
         

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§ 7-8-17. Membership of organizations — Payment of capital as prerequisite to membership.

No corporation or organization or group of any kind shall be eligible to membership in an association unless it is organized on a cooperative or nonprofit basis, and no person, association, or organization or group of any kind shall be deemed a member of an association until the association has received payment in full for the par value of the minimum amount of share or membership capital stated in the articles as necessary to qualify for membership.