§ 27-20.2-2 - Organization.
SECTION 27-20.2-2
§ 27-20.2-2 Organization. – (a) Five (5) or more optometrists duly licensed to practice under the laws ofthis state who are members of the Rhode Island Optometric Association and whofirst obtain authorization to do so by the Rhode Island Optometric Association,as evidenced by an affidavit of the president and secretary of the association,may associate themselves by written articles of association for theincorporation of a nonprofit optometric service corporation under theprovisions of chapter 6 of title 7.
(b) The laws of this state relative to insurance companies orto the business of insurance, and acts in amendment of or in addition to them,shall not apply to any nonprofit optometric service corporation unlessexpressly so provided in the laws.
(c) A majority of the directors of a nonprofit optometricservice corporation, other than a corporation organized pursuant to theprovisions of chapter 19 of this title, must at all times be optometrists dulylicensed to practice under the laws of this state.