CHAPTER 7-16
The Rhode Island Limited Liability Company Act
Index Of Sections
§ 7-16-1 Short title.
§ 7-16-2 Definitions.
§ 7-16-3 Purpose and duration.
§ 7-16-3.1 Professional services.
§ 7-16-3.2 Liability in rendering professional services.
§ 7-16-3.3 Insurance or financial responsibility of limited liability company.
§ 7-16-4 Powers.
§ 7-16-5 Formation.
§ 7-16-5.1 Conversion of certain entities to a limited liability company.
§ 7-16-5.2 Approval of conversion of a limited liability company.
§ 7-16-5.3 , 7-16-5.4. Repealed..
§ 7-16-6 Articles of organization.
§ 7-16-7 Execution of articles.
§ 7-16-8 Filing.
§ 7-16-9 Name – Fictitious business names.
§ 7-16-10 Reservation of name – Transfer of reserved name.
§ 7-16-11 Resident agent.
§ 7-16-12 Amendment and restatement of articles of organization.
§ 7-16-13 Certificates of correction.
§ 7-16-14 Management by members.
§ 7-16-15 Managers.
§ 7-16-16 Election and removal of managers.
§ 7-16-17 Duties of managers.
§ 7-16-18 Limitation of liability of managers.
§ 7-16-19 Action by managers.
§ 7-16-20 Agency power of managers.
§ 7-16-21 Voting rights of members.
§ 7-16-22 Records and information.
§ 7-16-23 Liability of members and managers.
§ 7-16-24 Contributions to capital.
§ 7-16-25 Liability for contribution.
§ 7-16-26 Sharing of profits and losses.
§ 7-16-27 Sharing of distributions.
§ 7-16-28 Interim distributions.
§ 7-16-29 Distributions upon withdrawal.
§ 7-16-30 Distribution in kind.
§ 7-16-31 Restrictions on making distributions.
§ 7-16-32 Liability upon wrongful distribution.
§ 7-16-33 Right to distribution.
§ 7-16-34 Nature of membership interest.
§ 7-16-35 Assignment of membership interest.
§ 7-16-36 Right of assignee to become a member.
§ 7-16-37 Rights of judgment creditor.
§ 7-16-38 Powers of estate of a member.
§ 7-16-39 Dissolution.
§ 7-16-40 Judicial dissolution.
§ 7-16-41 Revocation of certificate of organization or certificate of registration.
§ 7-16-42 Issuance of certificates of revocation.
§ 7-16-43 Withdrawal of certificate of revocation.
§ 7-16-44 Appeal from revocation of certificate of organization.
§ 7-16-45 Winding up.
§ 7-16-46 Distribution of assets.
§ 7-16-47 Articles of dissolution.
§ 7-16-48 Law governing foreign limited liability companies.
§ 7-16-49 Registration of foreign limited liability company.
§ 7-16-50 Issuance of registration of foreign limited liability company.
§ 7-16-50.1 Service of process on foreign limited liability company.
§ 7-16-51 Name registration by foreign limited liability company.
§ 7-16-52 Amendments to registration of foreign limited liability company.
§ 7-16-52.1 Foreign application for transfer of authority.
§ 7-16-53 Cancellation of registration of foreign limited liability company.
§ 7-16-54 Transaction of business by foreign limited liability company without registration.
§ 7-16-55 Action to restrain foreign limited liability company.
§ 7-16-56 Right of member to bring derivative action.
§ 7-16-57 Pleading in derivative action.
§ 7-16-58 Expenses in derivative action.
§ 7-16-59 Merger or consolidation.
§ 7-16-60 Plan of merger or consolidation.
§ 7-16-61 Approval of merger or consolidation.
§ 7-16-62 Articles of merger or consolidation.
§ 7-16-63 Effects of merger or consolidation.
§ 7-16-64 Merger or consolidation with foreign entity.
§ 7-16-65 Filing, service, and copying fees.
§ 7-16-66 Annual report of domestic and foreign limited liability companies.
§ 7-16-67 Filing of returns with the tax administrator – Annual charge.
§ 7-16-68 Limited liability company property.
§ 7-16-69 Certificates and certified copies to be received in evidence.
§ 7-16-70 Parties to actions.
§ 7-16-71 Unauthorized assumption of powers.
§ 7-16-72 Severability.
§ 7-16-73 Construction with other laws.
§ 7-16-74 Forms to be furnished by secretary of state.
§ 7-16-75 Reservation of power.
§ 7-16-76 Low-profit limited liability company.