§ 27-20.2-2. Organization.
(a) Five (5) or more optometrists duly licensed to practice under the laws of this state who are members of the Rhode Island Optometric Association and who first obtain authorization to do so by the Rhode Island Optometric Association, as evidenced by an affidavit of the president and secretary of the association, may associate themselves by written articles of association for the incorporation of a nonprofit optometric service corporation under the provisions of chapter 6 of title 7.
(b) The laws of this state relative to insurance companies or to the business of insurance, and acts in amendment of or in addition to them, shall not apply to any nonprofit optometric service corporation unless expressly so provided in the laws.
(c) A majority of the directors of a nonprofit optometric service corporation, other than a corporation organized pursuant to the provisions of chapter 19 of this title, must at all times be optometrists duly licensed to practice under the laws of this state.
History of Section.P.L. 1960, ch. 69, § 1.
Structure Rhode Island General Laws
Chapter 27-20.2 - Nonprofit Optometric Service Corporations
Section 27-20.2-1. - Definitions.
Section 27-20.2-2. - Organization.
Section 27-20.2-3. - Contracts.
Section 27-20.2-4. - Annual and quarterly statements.
Section 27-20.2-5. - Examination of affairs of corporation.
Section 27-20.2-6. - Commission plans for solicitors or insurance producers.
Section 27-20.2-7. - Investment standards.
Section 27-20.2-8. - Corporation deemed public charitable institution.
Section 27-20.2-9. - Adoption of chapter by hospital service corporation.
Section 27-20.2-10. - Nonprofit optometric service corporation assessment.
Section 27-20.2-11. - Rehabilitation, liquidation, or conservation.
Section 27-20.2-12. - Holding company systems.
Section 27-20.2-12.1. - No derogation of attorney general.