Rhode Island § 7-16-68 § 7-16-68. Limited liability company property.

Rhode Island Statutes

§ 7-16-68 — § 7-16-68. Limited liability company property.

Rhode Island § 7-16-68

Title 7Corporations, Associations and Partnerships

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

This text of Rhode Island § 7-16-68 (§ 7-16-68. Limited liability company property.) 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 § 7-16-68 (2026).

Text

§ 7-16-68. Limited liability company property.
Real and personal property owned, purchased, or leased by a limited liability company
            shall be held, owned, and conveyed in the limited liability company name. Instruments
            and documents providing for the acquisition, mortgage or disposition of property of
            the limited liability company are valid and binding on the limited liability company
            if executed by one or more managers of a limited liability company having a manager
            or managers or one or more members of a limited liability company in which management
            has been retained in the members.
         

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§ 7-16-68. Limited liability company property.

Real and personal property owned, purchased, or leased by a limited liability company shall be held, owned, and conveyed in the limited liability company name. Instruments and documents providing for the acquisition, mortgage or disposition of property of the limited liability company are valid and binding on the limited liability company if executed by one or more managers of a limited liability company having a manager or managers or one or more members of a limited liability company in which management has been retained in the members.