Purpose and duration.
R.I. Gen. Laws § 7-16-3
in effect7-16-3. Purpose and duration.
Every limited liability company organized under this chapter has the purpose of engaging
in any lawful business, and has perpetual existence until dissolved as terminated
in accordance with this chapter, unless a more limited purpose or duration is set
forth in the articles of organization.
P.L. 1992, ch. 280, § 1; P.L. 1997, ch. 188, § 5; P.L. 2002, ch. 205, § 2.
Source: State of Rhode Island General Assembly (rilegislature.gov)URL: https://webserver.rilegislature.gov/Statutes/TITLE7/7-16/7-16-3.htmFetched: 10/20/2026
