Rhode Island § 7-16-14 § 7-16-14. Management by members.

Rhode Island Statutes

§ 7-16-14 — § 7-16-14. Management by members.

Rhode Island § 7-16-14

Title 7Corporations, Associations and Partnerships

Ch. 7-16The Rhode Island Limited Liability Company Act

This text of Rhode Island § 7-16-14 (§ 7-16-14. Management by members.) 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 § 7-16-14 (2026).

Text

§ 7-16-14. Management by members.
Unless the articles of organization or a written operating agreement provide for management
            by or under the authority of one or more managers in accordance with § 7-16-15, the business and affairs of the limited liability company shall be managed by the
            members. If management is vested in the members:
         
(1) The members are deemed to be managers for purposes of applying the provisions of this
            chapter unless the context clearly requires otherwise; and
         
(2) Each of the members has the power and authority and is subject to all duties and liabilities
            

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§ 7-16-14. Management by members.

Unless the articles of organization or a written operating agreement provide for management by or under the authority of one or more managers in accordance with § 7-16-15, the business and affairs of the limited liability company shall be managed by the members. If management is vested in the members:

(1) The members are deemed to be managers for purposes of applying the provisions of this chapter unless the context clearly requires otherwise; and

(2) Each of the members has the power and authority and is subject to all duties and liabilities of managers.