Rhode Island General Laws
Part 5 - Domestication [Effective January 1, 2023.]
Section 7-12.1-1153. - Approval of domestication. [Effective January 1, 2023.]

§ 7-12.1-1153. Approval of domestication. [Effective January 1, 2023.]
(a) A plan of domestication of a domestic domesticating limited liability partnership is not effective unless it has been approved:
(1) By all the partners entitled to vote on or consent to any matter; and
(2) In a record, by each partner that will have interest holder liability for debts, obligations, and other liabilities that are incurred after the domestication becomes effective, unless:
(i) The partnership agreement of the domesticating partnership in a record provides for the approval of a domestication or merger in which some or all of its partners become subject to interest holder liability by the affirmative vote or consent of fewer than all the partners; and
(ii) The partner voted for or consented in a record to that provision of the partnership agreement or became a partner after the adoption of that provision.
(b) A domestication of a foreign domesticating limited liability partnership is not effective unless it is approved in accordance with the law of the foreign limited liability partnership’s jurisdiction of formation.
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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