Liability for contribution.
R.I. Gen. Laws § 7-13.1-502
in effect7-13.1-502. Liability for contribution.
(a) A person’s obligation to make a contribution to a limited 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 limited partnership to contribute money
equal to the value, as stated in the required information, 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 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. 121, § 2, effective January 1, 2023; P.L. 2022, ch. 122, § 2, effective
January 1, 2023.
Source: State of Rhode Island General Assembly (rilegislature.gov)URL: https://webserver.rilegislature.gov/Statutes/TITLE7/7-13.1/7-5/7-13.1-502.htmFetched: 10/20/2026