§ 18-4.1-11 - Distribution of conversion fee – Selection of a charitable organization by superior court. - Rhode Island Statutes

SECTION 18-4.1-11

   § 18-4.1-11  Distribution of conversion fee– Selection of a charitable organization by superior court. – Any conversion fee shall be awarded by the superior court to an existing ornewly formed legal entity that is a nonprofit corporation organized underchapter 6 of title 7, is exempt from taxation under Section 501(a) of theUnited States Internal Revenue Code as an organization described in Section501(c)(3) of such code and has as its primary purpose to promote and/or operatepublic radio stations in Rhode Island.