§ 7-12.1-505. Power of legal representative of deceased partner. [Effective January 1, 2023.]
If a partner dies, the deceased partner’s legal representative may exercise:
(1) The rights of a transferee provided in § 7-12.1-503(c); and
(2) For purposes of settling the estate, the rights the deceased partner had under § 7-12.1-408.
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.]
Section 7-12.1-501. - Partner not co-owner of partnership property. [Effective January 1, 2023.]
Section 7-12.1-502. - Nature of transferable interest. [Effective January 1, 2023.]
Section 7-12.1-503. - Transfer of transferable interest. [Effective January 1, 2023.]
Section 7-12.1-504. - Charging order. [Effective January 1, 2023.]