Section 16-32.1-1. – Short title.

§ 16-32.1-1. Short title. This chapter shall be known as the “University of Rhode Island Research Foundation Act.” History of Section.P.L. 2007, ch. 232, § 1.

Section 16-32.1-10. – Construction with other statutes.

§ 16-32.1-10. Construction with other statutes. Nothing in this chapter shall restrict or limit the powers of the research foundation arising under any laws of this state. This chapter shall be construed to provide a complete additional and alternative method for doing the things authorized by this chapter and shall be regarded as supplemental and […]

Section 16-32.1-11. – Liberal construction.

§ 16-32.1-11. Liberal construction. This chapter, being necessary for the welfare of the state and its inhabitants, shall be liberally construed so as to effectuate its purposes. History of Section.P.L. 2007, ch. 232, § 1.

Section 16-32.1-12. – Severability.

§ 16-32.1-12. Severability. If any clause, sentence, paragraph, section or part of this chapter shall be adjudged by any court of competent jurisdiction to be invalid, that judgment shall not affect, impair or invalidate the remainder of this chapter, but shall be confined in its operation to the clause, sentence, paragraph, section or part directly […]

Section 16-32.1-2. – Creation and powers.

§ 16-32.1-2. Creation and powers. (a) There is hereby authorized, created and established a public corporation having a legal existence distinct from the state and not constituting a department of state government, to be known as the university of Rhode Island research foundation, with such powers as are set forth in this chapter, for the […]

Section 16-32.1-3. – Additional powers.

§ 16-32.1-3. Additional powers. The research foundation shall have, in addition to the powers enumerated in § 16-32.1-2, all the powers necessary and convenient to carry out and effectuate the purposes and provisions of this chapter including, but not limited to, the power to: (1) Sue and be sued, complain and defend, in its corporate […]

Section 16-32.1-4. – Board of directors.

§ 16-32.1-4. Board of directors. (a) The business and affairs of the research foundation shall be managed by a thirteen (13) member board of directors. The board of directors shall include four (4) ex-officio voting members: (1) The president of the University of Rhode Island; (2) The vice president for administration of the University of […]

Section 16-32.1-5. – Meetings of the board of directors.

§ 16-32.1-5. Meetings of the board of directors. The first meeting of the board of directors shall be called by notice signed by one or more members of the board of directors stating the time, place and purpose of the meeting, and mailed to each director at his/her usual place of residence at least five […]

Section 16-32.1-6. – Use of university name.

§ 16-32.1-6. Use of university name. (a) The research foundation may use, in connection with its lawful business and activities, the name of the University of Rhode Island and University of Rhode Island’s logo, informal seal and other symbols and marks of the University of Rhode Island upon prior written approval from the President of […]

Section 16-32.1-7. – Exemption from taxation.

§ 16-32.1-7. Exemption from taxation. The research foundation, its franchise, income and all of its intellectual and personal assets, where-so-ever situated, shall be exempt from all taxation by the state and any agency thereof and any municipal corporation therein. History of Section.P.L. 2007, ch. 232, § 1.

Section 16-32.1-8. – Annual report and audit.

§ 16-32.1-8. Annual report and audit. The research foundation shall submit to the board of trustees an audited report of its activities for the preceding fiscal year. The report shall set forth a complete operating and financial statement covering the research foundation operations during the preceding fiscal year. The research foundation shall cause an independent […]

Section 16-32.1-9. – Chapter controlling over inconsistent provisions.

§ 16-32.1-9. Chapter controlling over inconsistent provisions. Insofar as the provisions of this chapter are inconsistent with the provisions of any other law or ordinance, general, special or local, the provisions of this chapter shall be controlling. History of Section.P.L. 2007, ch. 232, § 1.