§ 7-1.2-607. Expenses of organization, reorganization and financing.
The reasonable charges and expenses of organization or reorganization of a corporation, and the reasonable expenses of and compensation for the sale or underwriting of its shares, may be paid or allowed by the corporation out of the consideration received by it in payment for its shares without rendering the shares not fully paid or assessable.
History of Section.P.L. 2004, ch. 216, § 2; P.L. 2004, ch. 274, § 2.
Structure Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-1.2 - Rhode Island Business Corporation Act
Part 6 - Shares Issuance and Distributions
Section 7-1.2-601. - Right of corporation to acquire, dispose of and cancel its own shares.
Section 7-1.2-602. - Authorized shares — Shares in classes or series — Issuance of shares.
Section 7-1.2-603. - Subscription for shares.
Section 7-1.2-604. - Issuance of and consideration for shares.
Section 7-1.2-605. - Par value per share.
Section 7-1.2-606. - Share rights and options.
Section 7-1.2-607. - Expenses of organization, reorganization and financing.
Section 7-1.2-608. - Form and content of certificates.
Section 7-1.2-609. - Share transfer and ownership restrictions.
Section 7-1.2-610. - Fractional shares.
Section 7-1.2-611. - Bonds — Facsimile signatures and seals.
Section 7-1.2-612. - Liability of subscribers and shareholders.