Section 28-58-1. – Short title.

§ 28-58-1. Short title. This chapter shall be known and may be cited as the “Local Ownership Opportunity Act.” History of Section.P.L. 2019, ch. 43, § 1; P.L. 2019, ch. 64, § 1.

Section 28-58-2. – Legislative purpose.

§ 28-58-2. Legislative purpose. 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. History of Section.P.L. 2019, ch. 43, § 1; P.L. 2019, ch. 64, § 1.

Section 28-58-3. – Definitions.

§ 28-58-3. Definitions. (a) “Employer,” “plant closing,” “mass layoff,” “representative,” “employment loss,” “unit of local government,” and “part-time employee” means those terms as defined in 29 U.S.C. §  2101(a). (b) “Employing business” means the business enterprise or entity for which the affected employees worked or were suffered or permitted to work at the time the […]

Section 28-58-4. – Notification to affected employees.

§ 28-58-4. Notification to affected employees. (a) Whenever an employer is required by the Worker Adjustment and Retraining Notification Act (WARN Act), 29 U.S.C. Chapter 23, to provide advance notice of a plant closing or mass layoff, the director of the department of labor and training, or any designee thereof, shall provide to the affected […]

Section 28-58-5. – Sale not compelled.

§ 28-58-5. Sale not compelled. Nothing in this chapter shall be construed as compelling or preventing a sale by the employing business. History of Section.P.L. 2019, ch. 43, § 1; P.L. 2019, ch. 64, § 1.

Section 28-58-6. – Regulations.

§ 28-58-6. Regulations. The department of labor and training shall coordinate implementation and enforcement of this chapter and may promulgate appropriate guidelines or regulations for such purposes. History of Section.P.L. 2019, ch. 43, § 1; P.L. 2019, ch. 64, § 1.

Section 28-58-7. – Severability.

§ 28-58-7. Severability. If any provision of this chapter or any rule or regulation created under this chapter, or the application of any provision of this chapter to any person or circumstance shall be held invalid in any court of competent jurisdiction, the remainder of the chapter, rule, or regulation and the application of such […]