Loading chat...

RI H7477

Bill

Official Source

Status

Introduced

2/4/2026

Primary Sponsor

Brandon Voas

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Repeals the existing Rhode Island Limited Liability Company Act and replaces it with a modernized version based on a uniform model act
  • Updates the legal framework governing the formation, operation, management, and dissolution of limited liability companies (LLCs) in Rhode Island
  • Falls under the broader statutory category of Corporations, Associations and Partnerships, specifically amending provisions related to the Uniform Partnership Act
  • Aims to bring Rhode Island's LLC laws in line with current best practices and uniform standards adopted across other states
  • Provides updated rules for LLC governance, member rights and obligations, and liability protections

Legislative Description

Replaces the existing limited liability company act with a newer and updated model act.

Corporations, Associations And Partnerships

Last Action

Committee recommended measure be held for further study

3/3/2026

Committee Referrals

Corporations2/4/2026

Full Bill Text

No bill text available