Rhode Island Statutes
§ 7-16-3 — § 7-16-3. Purpose and duration.
Rhode Island § 7-16-3
JurisdictionRhode Island
Title 7Corporations, Associations and Partnerships
Ch. 7-16The Rhode Island Limited Liability Company Act
This text of Rhode Island § 7-16-3 (§ 7-16-3. Purpose and duration.) 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 § 7-16-3 (2026).
Text
§ 7-16-3. Purpose and duration.
Every limited liability company organized under this chapter has the purpose of engaging in any lawful business, and has perpetual existence until dissolved as terminated in accordance with this chapter, unless a more limited purpose or duration is set forth in the articles of organization.
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Legislative History
P.L. 1992, ch. 280, § 1; P.L. 1997, ch. 188, § 5; P.L. 2002, ch. 205, § 2.
Nearby Sections
15
§ 7-1-1
§ 7-1-1 — 7-1-4. [Repealed.]§ 7-1-15
§ 7-1-15, 7-1-16. [Repealed.]§ 7-1-18
§ 7-1-18 — 7-1-20. [Repealed.]§ 7-1-22
§ 7-1-22. [Repealed.]§ 7-1-24
§ 7-1-24 — 7-1-26. [Repealed.]§ 7-1-5.1
§ 7-1-5.1. [Repealed.]Cite This Page — Counsel Stack
Bluebook (online)
Rhode Island § 7-16-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/ri/7-16-3.