§ 7-12.1-410. Actions by partnership and partners. [Effective January 1, 2023.]
(a) A partnership may maintain an action against a partner for a breach of the partnership agreement, or for the violation of a duty to the partnership, causing harm to the partnership.
(b) A partner may maintain an action against the partnership or another partner, with or without an accounting as to partnership business, to enforce the partner’s rights and protect the partner’s interests, including rights and interests under the partnership agreement or this chapter or arising independently of the partnership relationship.
(c) A right to an accounting on dissolution and winding up does not revive a claim barred by law.
History of Section.P.L. 2022, ch. 123, § 2, effective January 1, 2023; P.L. 2022, ch. 124, § 2, effective January 1, 2023.
Structure Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-12.1 - Uniform Partnership Act [Effective January 1, 2023.]
Article 4 - Relations of Partners to Each Other and to Partnership [Effective January 1, 2023.]
Section 7-12.1-401. - Partner’s rights and duties. [Effective January 1, 2023.]
Section 7-12.1-402. - Becoming partner. [Effective January 1, 2023.]
Section 7-12.1-403. - Form of contribution. [Effective January 1, 2023.]
Section 7-12.1-404. - Liability for contribution. [Effective January 1, 2023.]
Section 7-12.1-409. - Standards of conduct for partners. [Effective January 1, 2023.]
Section 7-12.1-410. - Actions by partnership and partners. [Effective January 1, 2023.]