Rhode Island § 7-7-9 § 7-7-9. Membership certificates — Settlement on termination of membership.

Rhode Island Statutes

§ 7-7-9 — § 7-7-9. Membership certificates — Settlement on termination of membership.

Rhode Island § 7-7-9

Title 7Corporations, Associations and Partnerships

Ch. 7-7Producersâ€™ Cooperatives

This text of Rhode Island § 7-7-9 (§ 7-7-9. Membership certificates — Settlement on termination of membership.) 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 § 7-7-9 (2026).

Text

§ 7-7-9. Membership certificates — Settlement on termination of membership.
Every association formed under this chapter without capital stock shall issue a certificate
            of membership to each member which, unless otherwise provided in its articles of incorporation
            or bylaws, is nontransferable. In the case of associations organized without capital
            stock, in the event of the death, withdrawal, or expulsion of a member, the board
            of directors shall, within a reasonable time, equitably and conclusively ascertain
            the amount of the member's interest in the association, which shall be paid him or
            her or his or her legal representative by the association in 

Free access — add to your briefcase to read the full text and ask questions with AI

§ 7-7-9. Membership certificates — Settlement on termination of membership.

Every association formed under this chapter without capital stock shall issue a certificate of membership to each member which, unless otherwise provided in its articles of incorporation or bylaws, is nontransferable. In the case of associations organized without capital stock, in the event of the death, withdrawal, or expulsion of a member, the board of directors shall, within a reasonable time, equitably and conclusively ascertain the amount of the member's interest in the association, which shall be paid him or her or his or her legal representative by the association in whole or in yearly partial payments within five (5) years from ascertainment.