§ 7-13-47. Distribution of assets. [Repealed effective January 1, 2023.]
Upon the winding up of a limited partnership, the assets shall be distributed as follows:
(1) To creditors, including partners who are creditors, to the extent permitted by law, in satisfaction of liabilities of the limited partnership other than liabilities for distributions to partners under § 7-13-31 or § 7-13-34;
(2) Except as provided in the partnership agreement, to partners and former partners in satisfaction of liabilities for distributions under § 7-13-31 or 7-13-34; and
(3) Except as provided in the partnership agreement, to partners, first for the return of their contributions and secondly, as to their partnership interests, in the proportions in which the partners share in distributions.
History of Section.P.L. 1985, ch. 390, § 2.
§ 7-13-47. [Repealed effective January 1, 2023.]
History of Section.P.L. 1985, ch. 390, § 2; repealed by P.L. 2022, ch. 121, § 1, effective January 1, 2023; repealed by P.L. 2022, ch. 122, § 1, effective January 1, 2023.
Structure Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-13 - Limited Partnerships [Repealed effective January 1, 2023.]
Section 7-13-1. - Definitions. [Repealed effective January 1, 2023.]
Section 7-13-2. - Name. [Repealed effective January 1, 2023.]
Section 7-13-3. - Reservation of name. [Repealed effective January 1, 2023.]
Section 7-13-4. - Specified office and agent. [Repealed effective January 1, 2023.]
Section 7-13-5. - Records to be kept. [Repealed effective January 1, 2023.]
Section 7-13-6. - Nature of business. [Repealed effective January 1, 2023.]
Section 7-13-9. - Amendment to certificate. [Repealed effective January 1, 2023.]
Section 7-13-10. - Cancellation of certificate. [Repealed effective January 1, 2023.]
Section 7-13-11. - Execution of certificates. [Repealed effective January 1, 2023.]
Section 7-13-12. - Amendment or cancellation by judicial act. [Repealed effective January 1, 2023.]
Section 7-13-15. - Notice. [Repealed effective January 1, 2023.]
Section 7-13-17. - Admission of limited partners. [Repealed effective January 1, 2023.]
Section 7-13-18. - Voting — Rights of limited partners. [Repealed effective January 1, 2023.]
Section 7-13-19. - Liability to third parties. [Repealed effective January 1, 2023.]
Section 7-13-21. - Information. [Repealed effective January 1, 2023.]
Section 7-13-22. - Admission of additional general partners. [Repealed effective January 1, 2023.]
Section 7-13-23. - Events of withdrawal. [Repealed effective January 1, 2023.]
Section 7-13-24. - General rights, powers, and liabilities. [Repealed effective January 1, 2023.]
Section 7-13-25. - Contributions by general partner. [Repealed effective January 1, 2023.]
Section 7-13-26. - Voting rights of general partners. [Repealed effective January 1, 2023.]
Section 7-13-27. - Form of contribution. [Repealed effective January 1, 2023.]
Section 7-13-28. - Liability for contribution. [Repealed effective January 1, 2023.]
Section 7-13-29. - Sharing of profits and losses. [Repealed effective January 1, 2023.]
Section 7-13-30. - Sharing of distributions. [Repealed effective January 1, 2023.]
Section 7-13-31. - Interim distributions. [Repealed effective January 1, 2023.]
Section 7-13-32. - Withdrawal of general partner. [Repealed effective January 1, 2023.]
Section 7-13-33. - Withdrawal of limited partner. [Repealed effective January 1, 2023.]
Section 7-13-34. - Distribution upon withdrawal. [Repealed effective January 1, 2023.]
Section 7-13-35. - Distribution in kind. [Repealed effective January 1, 2023.]
Section 7-13-36. - Right to distribution. [Repealed effective January 1, 2023.]
Section 7-13-37. - Limitations on distribution. [Repealed effective January 1, 2023.]
Section 7-13-38. - [Repealed.]
Section 7-13-39. - Nature of partnership interest. [Repealed effective January 1, 2023.]
Section 7-13-40. - Assignment of partnership interest. [Repealed effective January 1, 2023.]
Section 7-13-41. - Rights of creditor. [Repealed effective January 1, 2023.]
Section 7-13-44. - Nonjudicial dissolution. [Repealed effective January 1, 2023.]
Section 7-13-45. - Judicial dissolution. [Repealed effective January 1, 2023.]
Section 7-13-46. - Winding up. [Repealed effective January 1, 2023.]
Section 7-13-47. - Distribution of assets. [Repealed effective January 1, 2023.]
Section 7-13-48. - Applicable law. [Repealed effective January 1, 2023.]
Section 7-13-49. - Registration. [Repealed effective January 1, 2023.]
Section 7-13-50. - Issuance of registration. [Repealed effective January 1, 2023.]
Section 7-13-51. - Name of foreign limited partnership. [Repealed effective January 1, 2023.]
Section 7-13-52. - Changes and amendments. [Repealed effective January 1, 2023.]
Section 7-13-53. - Cancellation of registration. [Repealed effective January 1, 2023.]
Section 7-13-56. - Right of action. [Repealed effective January 1, 2023.]
Section 7-13-57. - Proper plaintiff. [Repealed effective January 1, 2023.]
Section 7-13-58. - Pleading. [Repealed effective January 1, 2023.]
Section 7-13-59. - Expenses. [Repealed effective January 1, 2023.]
Section 7-13-60. - Construction and application. [Repealed effective January 1, 2023.]
Section 7-13-61. - Short title. [Repealed effective January 1, 2023.]
Section 7-13-62. - Severability. [Repealed effective January 1, 2023.]
Section 7-13-65. - Effect of repeal of prior acts. [Repealed effective January 1, 2023.]
Section 7-13-66. - Indemnification. [Repealed effective January 1, 2023.]
Section 7-13-67. - Classes and voting. [Repealed effective January 1, 2023.]
Section 7-13-68. - Merger and consolidation. [Repealed effective January 1, 2023.]