§ 7-1-23. Recovery of penalties — Compromise.
All penalties imposed by the terms of the general corporation law for failure to comply with the requirements of that law shall be recovered in a civil action brought in the name and on behalf of the state by the attorney general; provided, however, that the attorney general may, after examination of the facts as he or she deems advisable, compromise any penalty instead of instituting an action for the penalty, and permit the payment to the general treasurer for the use of the state of a smaller sum in lieu of the maximum penalty provided by the general corporation law.
History of Section.P.L. 1920, ch. 1925, § 82; G.L. 1923, ch. 248, § 82; G.L. 1938, ch. 116, § 82; G.L. 1956, § 7-1-23.
Structure Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-1 - Corporations — General Provisions
Section 7-1-1 - — 7-1-4. [Repealed.]
Section 7-1-5. - Corporations organized for the business of insurance.
Section 7-1-5.1. - [Repealed.]
Section 7-1-5.2. - Mutual insurance associations — Applicability of chapter.
Section 7-1-6. - Time allowed for organization of corporations created by legislative act.
Section 7-1-7. - Fees payable by corporations created by legislative act.
Section 7-1-7.1. - Filings to be originals.
Section 7-1-8 - — 7-1-12. [Repealed.]
Section 7-1-13. - Legislative control of future charters.
Section 7-1-14. - Continuation for special purposes of statutes otherwise repealed.
Section 7-1-15, 7-1-16. - [Repealed.]
Section 7-1-17. - Receipt of property for charitable purposes in excess of authorized holdings.
Section 7-1-18 - — 7-1-20. [Repealed.]
Section 7-1-21. - Agreements as to disposition of stock or insurance on death of stockholder.