Rhode Island General Laws 7-12-41. Partnership not terminated by dissolution
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On dissolution the partnership is not terminated, but continues until the winding up of partnership affairs is completed.
History of Section.
R.P.L. 1957, ch. 74, § 30.
Terms Used In Rhode Island General Laws 7-12-41
- 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.
§ 7-12-41. [Repealed effective January 1, 2023.]
History of Section.
R.P.L. 1957, ch. 74, § 30; repealed by P.L. 2022, ch. 123, § 1, effective January 1, 2023; repealed by P.L. 2022, ch. 124, § 1, effective January 1, 2023.