Notwithstanding any other provision of this chapter, the corporation shall not sell or convey any property valued at more than five hundred dollars ($500) unless and until the buyers of the property disclose their identity in a public record. For the purposes of this section, the term 'identity' shall be construed as all shareholders of corporations, which are not publicly held, all general and limited partners of partnerships, and in the case of a limited liability company, all officers, managers and members of the company. History of Section.P.L. 1993, ch. 199, § 1.
Rhode Island Legal Code