Rhode Island General Laws 7-12.1-110.1. Election of existing limited liability partnerships
(a) With respect to a limited liability partnership that elects pursuant to § 7-12.1-110(a)(2) to be subject to this chapter, the partnership must deliver to the secretary of state a statement approved in the manner required by § 7-12.1-901(b). The statement must contain:
(1) The name of the limited liability partnership;
(2) A statement that the partnership is a limited liability partnership and elects to comply with the provisions of chapter 12.1 of Title 7;
(3) A statement that the partnership’s status as a limited liability partnership is perpetual and remains effective, regardless of changes to the partnership, until it is canceled or administratively revoked pursuant to the provisions of chapter 12.1 of Title 7;
(4) The name and street address in this state of the partnership’s registered agent.
Terms Used In Rhode Island General Laws 7-12.1-110.1
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Registered agent: means an agent of a limited liability partnership or foreign limited liability partnership which is authorized to receive service of any process, notice, or demand required or permitted by law to be served on the partnership. See Rhode Island General Laws 7-12.1-102
- State: means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands, or any territory or insular possession subject to the jurisdiction of the United States. See Rhode Island General Laws 7-12.1-102
(b) Prior to the effective date of this chapter outlined in § 7-12.1-110(b), a limited liability partnership may renew its registration pursuant to § 7-12-56(e). Upon the effective date of this chapter, to maintain its status as a limited liability partnership, the following actions must be taken:
(1) A designation of a registered agent must be recorded with the secretary of state; and
(2) At the time prescribed, the limited liability partnership must file an annual report in accordance with the provisions of § 7-12.1-913.
History of Section.
P.L. 2022, ch. 123, § 2, effective January 1, 2023; P.L. 2022, ch. 124, § 2, effective January 1, 2023.