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Rhode Island Statutes, Title 7

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Rhode Island/Statutes

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Title 7, Title 7 Associations, and Partnerships

27 chapters · 850 sections in this title.

All chapters in Title 7850 Ch 7-13.1, Chapter 7-13.1 Uniform Limited Partn…140 Ch 7-1.2, Chapter 7-1.2 Rhode Island Business …134 Ch 7-12.1, Chapter 7-12.1 Uniform Partnership Act134 Ch 7-6, Chapter 7-6 Rhode Island Nonprofit C…116 Ch 7-16, Chapter 7-16 The Rhode Island Limite…85 Ch 7-11, Chapter 7-11 Rhode Island Uniform Se…58 Ch 7-8, Chapter 7-8 Consumers’ Cooperatives35 Ch 7-7, Chapter 7-7 Producers’ Cooperatives22 Ch 7-15, Chapter 7-15 Racketeer Influenced an…13 Ch 7-5.3, Chapter 7-5.3 Benefit Corporations13 Ch 7-6.1, Chapter 7-6.1 Cooperative Housing Co…13 Ch 7-12, Chapter 7-12 Partnerships12 Ch 7-5.1, Chapter 7-5.1 Professional Service C…12 Ch 7-6.2, Chapter 7-6.2 Workers’ Cooperatives12

12 sections·Filtered byTitle 7✕Ch 7-12✕

R.I. Gen. Laws § 7-12-1. Provisions in partnership agreements deemed nontestamentary
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No partnership agreement in writing, or agreement in writing between copartners, either previously or subsequently entered into, is deemed testamentary in character, or for that reason invalid or unenforceable, because the agreement contains a provision: (1) regulating, in the ev…
R.I. Gen. Laws § 7-12-10. Application to joint debtors
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The provisions of §§ 7-12-4 — 7-12-9 in reference to copartners extend to joint debtors who may individually compound or compromise for their joint indebtedness, with the like effect to creditors and to joint debtors of the person compromising as is provided in this section in re…
R.I. Gen. Laws § 7-12-11. Limited partnership law unaffected
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The provisions of this chapter shall not be deemed or taken to affect any of the provisions of chapter 13 [repealed] of this title, entitled “Limited Partnerships”.
R.I. Gen. Laws § 7-12-2. Death of partner — Statement delivered to administrator or executor
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In case of the death of any person who was at the time of his or her decease a member of any copartnership, either general or limited, the surviving partner shall, upon the demand in writing of the administrator or executor of the deceased copartner, and within ten (10) days subs…

R.I. Gen. Laws § 7-12-3. Examination of books and property by representative of deceased partner

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The administrator or executor may enter upon the premises and examine the books and affairs of the copartnership and take an inventory of the personal property in which his or her intestate or testate may have had an interest at the time of his or her decease.

R.I. Gen. Laws § 7-12-31.1. Nature of business

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(a) Except as provided in subsection (b) of this section, a registered limited liability partnership or a foreign registered limited liability partnership may conduct any lawful business in this state. (b) A registered limited liability partnership or a foreign registered limited…

R.I. Gen. Laws § 7-12-4. Separate composition with creditors on dissolution of partnership

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Whenever any copartnership is dissolved, any person who was embraced in the copartnership may make a separate composition or compromise with any one of or all the creditors of the copartnership.

R.I. Gen. Laws § 7-12-5. Separate composition as full discharge of partner

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A composition or compromise is a full and effectual discharge to the debtor making the composition or compromise, of the whole of the debt, and is taken and considered in reference to the other copartners as actual payment of the debtor’s proportion of the debt, whether the full …

R.I. Gen. Laws § 7-12-6. Payment by partner in excess of his or her proportion

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In case an amount exceeding his or her proportion is actually paid, it is taken and considered as payment of the amount of debt actually paid.

R.I. Gen. Laws § 7-12-7. Insolvency or absconding of partner

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A composition or compromise in no way affects the right of the other copartners or any of them to call on the person making the compromise for any sum beyond the person’s original portion of the debt, if in consequence of the insolvency, inability to pay or absconding of any one …

R.I. Gen. Laws § 7-12-8. Memorandum exonerating partner on separate composition

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Every debtor making a composition or compromise takes from the creditor with whom he or she may make the composition or compromise a note or memorandum in writing, exonerating him or her from all individual liability incurred by reason of the connection with the copartnership. Th…

R.I. Gen. Laws § 7-12-9. Partners not discharged by separate composition — Defenses to creditor’s action

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A composition or compromise is not to be so construed as to discharge the other copartners, except as provided in §§ 7-12-5 and 7-12-6; nor does it impair the right of the creditor to proceed against the members of the copartnership who have not been discharged. The members of th…