Rhode Island General Laws 7-16-23. Liability of members and managers
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A member or manager of a limited-liability company is not liable for the obligations of the limited-liability company solely by reason of being a member or manager.
History of Section.
P.L. 1992, ch. 280, § 1.
Terms Used In Rhode Island General Laws 7-16-23
- Member: means a person with an ownership interest in a limited-liability company with the rights and obligations specified under this chapter. See Rhode Island General Laws 7-16-2