Rhode Island General Laws 7-16-71. Unauthorized assumption of powers
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All persons who assume to act as a limited-liability company without authority to do so are jointly and severally liable for all debts and liabilities.
History of Section.
P.L. 1992, ch. 280, § 1.
Terms Used In Rhode Island General Laws 7-16-71
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.