Purposes.
R.I. Gen. Laws § 7-1.2-301
in effect7-1.2-301. Purposes.
Corporations may be organized under this chapter for any lawful purpose or purposes,
except for the purpose of carrying on within this state the business of a bank, savings
bank, trust company, building and loan association, loan and investment company, safe
deposit company, railroad, electric railroad or street railway company, telegraph
or telephone company, gas or electric light, heat or power company, canal, aqueduct,
or water company, turnpike company, or any corporation which now has or may subsequently
have the right to take or condemn land or other property within this state under the
power of eminent domain, or to exercise or acquire franchises in streets or highways
of this state, and further except for the purpose of rendering the professional services
specified in chapter 5.1 of this title which must be organized under the provisions
of that chapter.
P.L. 2004, ch. 216, § 2; P.L. 2004, ch. 274, § 2; P.L. 2005, ch. 120, § 1; P.L. 2005,
ch. 130, § 1.
Source: State of Rhode Island General Assembly (rilegislature.gov)URL: https://webserver.rilegislature.gov/Statutes/TITLE7/7-1.2/7-3/7-1.2-301.htmFetched: 10/20/2026