Rhode Island General Laws
Article 1 - General Provisions [Effective January 1, 2023.]
Section 7-12.1-107. - Partnership agreement — Effect on third parties and relationship to records effective on behalf of partnership. [Effective January 1, 2023.]

§ 7-12.1-107. Partnership agreement — Effect on third parties and relationship to records effective on behalf of partnership. [Effective January 1, 2023.]
(a) A partnership agreement may specify that its amendment requires the approval of a person that is not a party to the agreement or the satisfaction of a condition. An amendment is ineffective if its adoption does not include the required approval or satisfy the specified condition.
(b) The obligations of a partnership and its partners to a person in the person’s capacity as a transferee or person dissociated as a partner are governed by the partnership agreement. Subject only to a court order issued under § 7-12.1-504(b)(2) to effectuate a charging order, an amendment to the partnership agreement made after a person becomes a transferee or is dissociated as a partner:
(1) Is effective with regard to any debt, obligation, or other liability of the partnership or its partners to the person in the person’s capacity as a transferee or person dissociated as a partner; and
(2) Is not effective to the extent the amendment:
(i) Imposes a new debt, obligation, or other liability on the transferee or person dissociated as a partner; or
(ii) Prejudices the rights under § 7-12.1-701 of a person that dissociated as a partner before the amendment was made.
(c) If a record delivered by a partnership to the secretary of state for filing becomes effective and contains a provision that would be ineffective under § 7-12.1-105(c) or (d)(3) if contained in the partnership agreement, the provision is ineffective in the record.
(d) Subject to subsection (c) of this section, if a record delivered by a partnership to the secretary of state for filing becomes effective and conflicts with a provision of the partnership agreement:
(1) The agreement prevails as to partners, persons dissociated as partners, and transferees; and
(2) The record prevails as to other persons to the extent they reasonably rely on the record.
History of Section.P.L. 2022, ch. 123, § 2, effective January 1, 2023; P.L. 2022, ch. 124, § 2, effective January 1, 2023.

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