Rhode Island Statutes
§ 7-16-3 — § 7-16-3. Purpose and duration.
Rhode Island·Title 7 Corporations, Associations and Partnerships·Ch. 7-16 The Rhode Island Limited Liability Company Act
§ 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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Rhode Island § 7-16-3 (§ 7-16-3. Purpose and duration.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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 [Repealed.]§ 7-1-15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 [Repealed.]§ 7-1-18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 [Repealed.]§ 7-1-22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 [Repealed.]§ 7-1-24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 [Repealed.]§ 7-1-5.1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 [Repealed.]