§ 7-9-2. Power to execute bonds and obligations.
Any company authorized to do business in this state may make, sign, seal, execute, acknowledge, and deliver any bond, guaranty, undertaking, or any other obligation in this state, or may enter into any recognizance or other obligation of record in this state, by its attorney in fact or by its officer or officers, agent or authorized agents; and the authority from the company may be shown in the same manner that similar authority may be shown in the case of other corporations.
History of Section.G.L., ch. 186, § 1, as enacted by 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, § 7-9-2; P.L. 2018, ch. 346, § 10.
Structure Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-9 - Additional Powers of Corporations
Section 7-9-1. - Power to enter guaranty and suretyship contracts.
Section 7-9-2. - Power to execute bonds and obligations.
Section 7-9-3. - Acceptance of corporate bond as sole surety.
Section 7-9-4. - Purpose of provisions.
Section 7-9-5. - Allowance of bonding costs in accounts.
Section 7-9-6. - Premiums for bonds payable to state.