Procedure for consolidation.
R.I. Gen. Laws § 7-6-44
in effect7-6-44. Procedure for consolidation.
(a) Notwithstanding anything to the contrary contained in any general or public law, rule,
or regulation, any two (2) or more entities, whether defined in § 7-6-2, § 7-1.2-106, § 7-13-1, or § 7-16-2, may consolidate into one of the entities pursuant to a plan of consolidation approved
in the manner provided in this chapter. This section does not apply to insurance holding
company systems as defined in § 27-35-1.
(b) Each entity shall adopt a plan of consolidation setting forth:
(1) The names of the entities proposing to consolidate, and the name of the new entity
into which they propose to consolidate, which is subsequently designated as the new
entity;
(2) The terms and conditions of the proposed consolidation;
(3) Regarding the new entity, all of the statements required to be set forth in articles
of incorporation for entities organized under this chapter; and
(4) Any other provisions regarding the proposed consolidation that are deemed necessary
or desirable.
P.L. 1984, ch. 380, § 1; P.L. 1984, ch. 444, § 1; P.L. 2005, ch. 36, § 4; P.L. 2005,
ch. 72, § 4; P.L. 2021, ch. 232, § 1, effective July 8, 2021; P.L. 2021, ch. 335,
§ 1, effective July 9, 2021.
Source: State of Rhode Island General Assembly (rilegislature.gov)URL: https://webserver.rilegislature.gov/Statutes/TITLE7/7-6/7-6-44.htmFetched: 10/20/2026