The provisions of chapter 11 of this title do not apply to shares of stock of, or memberships in, associations formed under this chapter, or associations formed under like laws of other states, territories, the District of Columbia, or the United States, or to persons selling shares of stock of, or memberships in, the associations.
R.I. Gen. Laws § 7-8-31
Exemption from securities law
Known as the Consumer Cooperative Association Law
The act spans §§ 7–7 (35 sections).
P.L. 1947, ch. 1976, § 27; G.L. 1956, § 7-8-31.
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.