§ 7-6-15 - Members. - Rhode Island Statutes

SECTION 7-6-15

   § 7-6-15  Members. – A corporation may have one or more classes of members or may have no members.If the corporation has one or more classes of members, the designation of theclass or classes, the manner of election or appointment, and the qualificationsand rights of the members of each class shall be stated in the articles ofincorporation or the bylaws. If the corporation has no members, that fact shallbe stated in the articles of incorporation or the bylaws. A corporation mayissue certificates evidencing membership. The directors, officers, employees,and members of the corporation are not liable on its obligations.