§ 7-12-1 Provisions in partnership agreements deemed nontestamentary
§ 7-12-2 Death of partner – Statement delivered to administrator or executor
§ 7-12-3 Examination of books and property by representative of deceased partner
§ 7-12-4 Separate composition with creditors on dissolution of partnership
§ 7-12-5 Separate composition as full discharge of partner
§ 7-12-6 Payment by partner in excess of his or her proportion
§ 7-12-7 Insolvency or absconding of partner
§ 7-12-8 Memorandum exonerating partner on separate composition
§ 7-12-9 Partners not discharged by separate composition – Defenses to creditor’s action
§ 7-12-10 Application to joint debtors
§ 7-12-11 Limited partnership law unaffected
§ 7-12-31.1 Nature of business
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Terms Used In Rhode Island General Laws > Chapter 7-12 - Partnerships

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Executor: A male person named in a will to carry out the decedent
  • in writing: include printing, engraving, lithographing, and photo-lithographing, and all other representations of words in letters of the usual form. See Rhode Island General Laws 43-3-16
  • Intestate: Dying without leaving a will.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • 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.
  • person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
  • Personal property: All property that is not real property.
  • Testate: To die leaving a will.