Rhode Island § 7-12-8 § 7-12-8. Memorandum exonerating partner on separate composition.

Rhode Island Statutes

§ 7-12-8 — § 7-12-8. Memorandum exonerating partner on separate composition.

Rhode Island § 7-12-8

Title 7Corporations, Associations and Partnerships

Ch. 7-12Partnerships

This text of Rhode Island § 7-12-8 (§ 7-12-8. Memorandum exonerating partner on separate composition.) 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 § 7-12-8 (2026).

Text

§ 7-12-8. Memorandum exonerating partner on separate composition.
Every debtor making a composition or compromise takes from the creditor with whom
            he or she may make the composition or compromise a note or memorandum in writing,
            exonerating him or her from all individual liability incurred by reason of the connection
            with the copartnership. The note or memorandum may be given in evidence by the debtor
            under the general issue, in bar of the creditor's right of recovery against him or
            her.
         

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§ 7-12-8. Memorandum exonerating partner on separate composition.

Every debtor making a composition or compromise takes from the creditor with whom he or she may make the composition or compromise a note or memorandum in writing, exonerating him or her from all individual liability incurred by reason of the connection with the copartnership. The note or memorandum may be given in evidence by the debtor under the general issue, in bar of the creditor's right of recovery against him or her.