Section 7-16-73. – Construction with other laws.
§ 7-16-73. Construction with other laws. (a) Unless the provisions of this chapter or the context indicate otherwise, each reference in the general laws to a “person” is deemed to include a limited-liability company, and each reference to a “corporation”, except for references in the Rhode Island Business and Nonprofit Corporation Acts, and except with […]
Section 7-16-74. – Forms to be furnished by secretary of state.
§ 7-16-74. Forms to be furnished by secretary of state. All documents required by this chapter to be filed in the office of the secretary of state shall be made on forms that shall be prescribed by the secretary of state. Forms for all documents to be filed in the office of the secretary of […]
Section 7-16-75. – Reservation of power.
§ 7-16-75. Reservation of power. The general assembly shall at all times have power to prescribe any regulations, provisions and limitations that it deems advisable, which regulations, provisions and limitations are binding on any limited-liability companies subject to the provisions of this chapter, and the general assembly has power to amend, repeal or modify this […]
Section 7-16-76. – Low-profit limited-liability company.
§ 7-16-76. Low-profit limited-liability company. (a) A low-profit limited-liability company shall at all times significantly further the accomplishment of one or more charitable or educational purposes within the meaning of § 170(c)(2)(B) of the Internal Revenue Code of 1986, 26 U.S.C. § 170(c)(2)(B), or its successor, and would not have been formed but for the […]
Section 7-16-68. – Limited-liability company property.
§ 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 […]
Section 7-16-54. – Transaction of business by foreign limited-liability company without registration.
§ 7-16-54. Transaction of business by foreign limited-liability company without registration. (a) A foreign limited-liability company transacting business in this state may not maintain any action, suit, or proceeding in any court of this state until it has registered in this state. (b) The failure of a foreign limited-liability company to register in this state […]
Section 7-16-69. – Certificates and certified copies to be received in evidence.
§ 7-16-69. Certificates and certified copies to be received in evidence. All certificates issued by the secretary of state in accordance with the provisions of this chapter, and all copies of documents filed in the secretary of state’s office in accordance with the provisions of this chapter when certified by the secretary of state, shall […]
Section 7-16-55. – Action to restrain foreign limited-liability company.
§ 7-16-55. Action to restrain foreign limited-liability company. The attorney general of this state may maintain an action in the superior court to restrain any foreign limited-liability company or any of its agents from transacting any business in this state in violation of this chapter or if the limited-liability company has failed to comply with […]
Section 7-16-70. – Parties to actions.
§ 7-16-70. Parties to actions. A member of a limited-liability company is not a proper party to proceedings by or against a limited-liability company, except for an action brought under § 7-16-56 and except where the object is to enforce a member’s right against or liability to the limited-liability company. History of Section.P.L. 1992, ch. […]
Section 7-16-56. – Right of member to bring derivative action.
§ 7-16-56. Right of member to bring derivative action. A member may bring an action on behalf of the limited-liability company to recover a judgment in its favor if all of the following conditions are met: (1) The member does not have the authority to cause the limited-liability company to sue in its own right […]