The property rights of a partner are:

(1)  His or her rights in specific partnership property;

(2)  His or her interest in the partnership; and

(3)  His or her rights to participate in the management.

History of Section.
R.P.L. 1957, ch. 74, § 24.

Terms Used In Rhode Island General Laws 7-12-35

  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.

§ 7-12-35. [Repealed effective January 1, 2023.]

History of Section.
R.P.L. 1957, ch. 74, § 24; repealed by P.L. 2022, ch. 123, § 1, effective January 1, 2023; repealed by P.L. 2022, ch. 124, § 1, effective January 1, 2023.