The purpose of this legislation is to preserve jobs and create new opportunities for economic growth and entrepreneurship in Rhode Island by providing opportunities for employees to purchase a business otherwise at risk of closure.
R.I. Gen. Laws § 28-58-2
Legislative purpose
Known as the Local Ownership Opportunity Act
The act spans §§ 28–28 (7 sections).
P.L. 2019, ch. 43, § 1; P.L. 2019, ch. 64, § 1.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.