There is a newer version
of
this Section
2018 Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-16 The Rhode Island Limited-Liability Company Act
Section 7-16-68 Limited-liability company property.
Universal Citation: RI Gen L § 7-16-68 (2018)
§ 7-16-68. Limited-liability company property.
Real and personal property owned, purchased, or leased by a limited-liability company shall be held, owned, and conveyed in the limited-liability company name. Instruments and documents providing for the acquisition, mortgage or disposition of property of the limited-liability company are valid and binding on the limited-liability company if executed by one or more managers of a limited-liability company having a manager or managers or one or more members of a limited-liability company in which management has been retained in the members.
History of Section.
(P.L. 1992, ch. 280, § 1; P.L. 1993, ch. 171, § 1.)
Disclaimer: These codes may not be the most recent version. Rhode Island may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
