Unless otherwise agreed, the partners who have not wrongfully dissolved the partnership or the legal representative of the last surviving partner, not bankrupt, has the right to wind up the partnership affairs; provided, that any partner, his or her legal representative, or his or her assignee may obtain winding up by the court upon cause shown.

History of Section.
R.P.L. 1957, ch. 74, § 37.

Terms Used In Rhode Island General Laws 7-12-48

  • 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.

§ 7-12-48. [Repealed effective January 1, 2023.]

History of Section.
R.P.L. 1957, ch. 74, § 37; repealed by P.L. 2022, ch. 123, § 1, effective January 1, 2023; repealed by P.L. 2022, ch. 124, § 1, effective January 1, 2023.