R.I. Gen. Laws § 45-54-4

Current through 2024 Public Law 457

Section 45-54-4 - Resolution conclusive as to capacity of corporation

In any suit, action, or proceeding involving the validity or enforcement of, or relating to, any contract by, or on behalf of, a corporation, the corporation is exclusively deemed to be established and authorized to transact business and exercise its powers upon proof of the adoption of a resolution by the city or town council declaring the need for the corporation to function.

P.L. 1991, ch. 421, § 1.