§ 27-20.3-2 - Organization.
SECTION 27-20.3-2
§ 27-20.3-2 Organization. – (a) Five (5) or more lawyers duly licensed to practice under the laws of thisstate who are members of the Rhode Island Bar Association and who first obtainauthorization to do so by the Rhode Island Bar Association, as evidenced by anaffidavit of the president and secretary of the association, may associatethemselves by written articles of association for the incorporation of anonprofit prepaid legal service corporation. The laws of this state relative toinsurance companies or to the business of insurance, and acts in amendment ofor in addition to them, shall not apply to any nonprofit prepaid legal servicecorporation unless expressly so provided in the laws. Nonprofit prepaid legalservice corporations shall have all of the corporate powers of nonbusinesscorporations as specified in chapter 6 of title 7.
(b) The directors of any nonprofit prepaid legal servicecorporation shall consist of an equal number of attorneys duly licensed topractice under the laws of this state and of persons representing the publicwho are not attorneys.