Section 47-12-18 - Private corporations law as applicable.
47-12-18. Private corporations law as applicable. The provisions of the law governing private corporations shall be applicable to corporations formed under this chapter, including their organization, and they shall enjoy the powers and privileges and be subject to the duties, restrictions, and liabilities of other corporations, except so far as the same may be limited or enlarged by this chapter.
Source: SL 1963, ch 35, § 3.