Rhode Island General Laws 7-13.1-704. Power of legal representative of deceased partner
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If a partner dies, the deceased partner’s legal representative may exercise:
(1) The rights of a transferee provided in § 7-13.1-702(c); and
(2) For the purposes of settling the estate, the rights of a current limited partner under § 7-13.1-304.
History of Section.
P.L. 2022, ch. 121, § 2, effective January 1, 2023; P.L. 2022, ch. 122, § 2, effective January 1, 2023.
Terms Used In Rhode Island General Laws 7-13.1-704
- Limited partner: means a person that:
(i) Has become a limited partner under Rhode Island General Laws 7-13.1-102
- Partner: means a limited partner or general partner. See Rhode Island General Laws 7-13.1-102
- Transferee: means a person to which all or part of a transferable interest has been transferred, whether or not the transferor is a partner. See Rhode Island General Laws 7-13.1-102