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RI S2780
Bill
Status
3/4/2026
Primary Sponsor
Matthew LaMountain
Click for details
AI Summary
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Repeals Rhode Island's current Limited Liability Company Act and replaces it with an updated version based on a modern uniform model act
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Modernizes governance rules, member rights, and operating agreement provisions for LLCs formed or operating in Rhode Island
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Updates procedures for LLC formation, dissolution, mergers, and conversions to align with contemporary business practices
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Clarifies fiduciary duties, liability protections, and default rules that apply when operating agreements are silent on specific matters
Legislative Description
Replaces the existing limited liability company act with a newer and updated model act.
Corporations, Associations And Partnerships
Last Action
Introduced, referred to Senate Commerce
3/4/2026