Expenses of organization, reorganization and financing.
R.I. Gen. Laws § 7-1.2-607
in effect7-1.2-607. 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.
P.L. 2004, ch. 216, § 2; P.L. 2004, ch. 274, § 2.
Source: State of Rhode Island General Assembly (rilegislature.gov)URL: https://webserver.rilegislature.gov/Statutes/TITLE7/7-1.2/7-6/7-1.2-607.htmFetched: 10/20/2026