2010 Rhode Island Code
Title 7 Corporations, Associations and Partnerships
CHAPTER 7-1.2 Rhode Island Business Corporation Act
§ 7-1.2-607 Expenses of organization, reorganization and financing.
§ 7-1.2-607 Expenses of organization, reorganization and financing. – The reasonable charges and expenses of organization or reorganization of a corporation, and the reasonable expenses of and compensation for the sale or underwriting of its shares, may be paid or allowed by the corporation out of the consideration received by it in payment for its shares without rendering the shares not fully paid or assessable.
History of Section.
(P.L. 2004, ch. 216, § 2; P.L. 2004, ch. 274, § 2.)
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