§ 45-54-4. Resolution conclusive as to capacity of corporation. In any suit, action, or proceeding involving the validity or enforcement of, or relating to, any contract by, or on behalf of, a corporation, the corporation is exclusively deemed to be established and authorized to transact business and exercise its powers upon proof of the adoption of a resolution by the city or town council declaring the need for the corporation to function.
History of Section. (P.L. 1991, ch. 421, § 1.)
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