Liability for contribution.
R.I. Gen. Laws § 7-12.1-404
in effect7-12.1-404. Liability for contribution.
(a) A person’s obligation to make a contribution to a partnership is not excused by the
person’s death, disability, termination, or other inability to perform personally.
(b) If a person does not fulfill an obligation to make a contribution other than money,
the person is obligated at the option of the partnership to contribute money equal
to the value of the part of the contribution which has not been made.
(c) The obligation of a person to make a contribution may be compromised only by the affirmative
vote or consent of all the partners. If a creditor of a limited liability partnership
extends credit or otherwise acts in reliance on an obligation described in subsection
(a) of this section without knowledge or notice of a compromise under this subsection,
the creditor may enforce the obligation.
P.L. 2022, ch. 123, § 2, effective January 1, 2023; P.L. 2022, ch. 124, § 2, effective
January 1, 2023.
Source: State of Rhode Island General Assembly (rilegislature.gov)URL: https://webserver.rilegislature.gov/Statutes/TITLE7/7-12.1/7-4/7-12.1-404.htmFetched: 10/20/2026