Rhode Island § 7-12-5 § 7-12-5. Separate composition as full discharge of partner.

Rhode Island Statutes

§ 7-12-5 — § 7-12-5. Separate composition as full discharge of partner.

Rhode Island § 7-12-5

Title 7Corporations, Associations and Partnerships

Ch. 7-12Partnerships

This text of Rhode Island § 7-12-5 (§ 7-12-5. Separate composition as full discharge of partner.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 7-12-5 (2026).

Text

§ 7-12-5. Separate composition as full discharge of partner.
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 amount of his or her proportion of the debt is actually
            paid or not.
         

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§ 7-12-5. Separate composition as full discharge of partner.

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 amount of his or her proportion of the debt is actually paid or not.