# R.I. Gen. Laws § 37-18-3: Corporation established €” Passage to state upon cessation of business

> Rhode Island · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_RI_T37_C37-18_S37-18-3

## Section

- **Citation:** R.I. Gen. Laws § 37-18-3
- **Heading:** Corporation established €” Passage to state upon cessation of business
- **Jurisdiction:** Rhode Island
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** RI Code / Title 37 / Chapter 37-18 / Section 37-18-3

## Text

(a) Subject to the provisions of § 37-18-12, there is hereby authorized, created, and established a permanent, public corporation of the state having a distinct legal existence from the state and not constituting a department of state government, to be known as the €œNarragansett Indian land management corporation€ with such powers as are set forth in this chapter for the purposes of acquiring, managing, and purchasing real property as provided in § 37-18-6(d).

(b) It is the intent of the general assembly by the passage of this chapter to vest in the corporation all powers, authority, rights, privileges, and titles which may be necessary to enable it to accomplish the purposes herein set forth.

(c) If, for any reason, the corporation shall cease entirely and continuously to conduct or be involved in any business whatsoever in furtherance of its purposes, all its duties, purposes, rights, and properties shall pass to and be vested in the state and the lands shall be held in trust for the Indians, as defined in this chapter, subject to the provisions of §§ 37-18-12 and 37-18-13.

## Nearby sections

- [R.I. Gen. Laws § 37-18-1 § 37-18-1. Short title.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T37_C37-18_S37-18-1.md)
- [R.I. Gen. Laws § 37-18-2 § 37-18-2. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T37_C37-18_S37-18-2.md)
- [R.I. Gen. Laws § 37-18-3 § 37-18-3. Corporation established €” Passage to state upon cessation of business.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T37_C37-18_S37-18-3.md)
- [R.I. Gen. Laws § 37-18-4 § 37-18-4. Purposes.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T37_C37-18_S37-18-4.md)
- [R.I. Gen. Laws § 37-18-5 § 37-18-5. Board of directors €” Annual report €” Oath €” Officers €” Quorum and required vote €” Meetings and records.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T37_C37-18_S37-18-5.md)
- [R.I. Gen. Laws § 37-18-6 § 37-18-6. Powers and duties.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T37_C37-18_S37-18-6.md)
- [R.I. Gen. Laws § 37-18-7 § 37-18-7. Transfer of property €” Restrictions on use.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T37_C37-18_S37-18-7.md)
- [R.I. Gen. Laws § 37-18-8 § 37-18-8. Hunting, fishing, and trapping.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T37_C37-18_S37-18-8.md)
- [R.I. Gen. Laws § 37-18-9 § 37-18-9. Exemption from taxation €” Payments in lieu of taxes.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T37_C37-18_S37-18-9.md)
- [R.I. Gen. Laws § 37-18-10 § 37-18-10. Land use plan.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T37_C37-18_S37-18-10.md)
- [R.I. Gen. Laws § 37-18-11 § 37-18-11. Civil and criminal jurisdiction.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T37_C37-18_S37-18-11.md)
- [R.I. Gen. Laws § 37-18-12 § 37-18-12. Expiration of the corporation.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T37_C37-18_S37-18-12.md)
- [R.I. Gen. Laws § 37-18-13 § 37-18-13. Transfer of land to Indian tribe.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T37_C37-18_S37-18-13.md)
- [R.I. Gen. Laws § 37-18-14 § 37-18-14. Transfer of state land to the Indian tribes.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T37_C37-18_S37-18-14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_RI_T37_C37-18_S37-18-3. Check the current official text before relying on it. Not legal advice.