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 7-16-73. – 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 7-16-61. – Approval of merger or consolidation.
§ 7-16-61. Approval of merger or consolidation. (a) A proposed plan of merger or consolidation complying with the requirements of § 7-16-60 shall be approved by the domestic constituent entities in the manner provided by this section: (1) A limited-liability company party to a proposed merger or consolidation shall have the plan of merger or […]
Section 7-16-62. – Articles of merger or consolidation.
§ 7-16-62. Articles of merger or consolidation. (a) After a plan of merger or consolidation is approved by all domestic constituent entities as provided in § 7-16-61, the surviving entity or the new entity shall deliver in duplicate to the secretary of state for filing articles of merger or consolidation duly executed by each constituent […]
Section 7-16-63. – Effects of merger or consolidation.
§ 7-16-63. Effects of merger or consolidation. Following the consummation of a merger or consolidation in which the surviving entity or the new entity is to be governed by the laws of this state: (1) The constituent entities party to the plan of merger or consolidation shall be a single entity, which, in the case […]
Section 7-16-64. – Merger or consolidation with foreign entity.
§ 7-16-64. Merger or consolidation with foreign entity. (a) Any merger or consolidation that includes a foreign limited-liability company, foreign corporation or foreign limited partnership as a constituent entity is subject to the additional requirements that the merger or consolidation is permitted by the law of the state or jurisdiction under whose laws each foreign […]
Section 7-16-65. – Filing, service, and copying fees.
§ 7-16-65. Filing, service, and copying fees. The secretary of state shall charge and collect: (1) For filing the original articles of organization, a fee of one hundred fifty dollars ($150); (2) For amending, restating, or amending and restating the articles of organization, a fee of fifty dollars ($50.00); (3) For filing articles of merger […]
Section 7-16-66. – Annual report of domestic and foreign limited-liability companies.
§ 7-16-66. Annual report of domestic and foreign limited-liability companies. (a) Each domestic limited-liability company and each foreign limited-liability company authorized to transact business in this state, shall file, between the first day of February and the first day of May in each year following the calendar year in which its original articles of organization […]