R.I. Gen. Laws § 7-9-4

Current through 2024 Public Law 457

Section 7-9-4 - Purpose of provisions

It is declared to be the true intent and meaning of §§ 7-9-1 - 7-9-7 to enable any company, incorporated and authorized to do business under the laws of this state, to the extent of its corporate powers, to become guarantor in this state, or to become surety upon any bond, undertaking, or other obligation, or to enter into any recognizance or other obligation of record, in any way, to the same extent, with the same rights, and under the same liabilities as any natural person.

G.L. 1896, ch. 186, § 1; P.L. 1902, ch. 1053, § 1; G.L. 1909, ch. 226, §1; P.L. 1911, ch. 667, § 1; G.L. 1923, ch. 264, §1; G.L. 1938, ch. 119, § 1; G.L. 1956, § 7-9-4.