Rhode Island General Laws
Chapter 7-16 - The Rhode Island Limited-Liability Company Act
Section 7-16-41. - Revocation of certificate of organization or certificate of registration.

§ 7-16-41. Revocation of certificate of organization or certificate of registration.
(a) The certificate of organization or certificate of registration of a limited-liability company may be revoked by the secretary of state under the conditions prescribed in this section when it is established that:
(1) The limited-liability company procured its articles of organization through fraud;
(2) The limited-liability company has continued to exceed or abuse the authority conferred upon it by law;
(3) The limited-liability company has failed to file its annual report within the time required by this chapter, or with respect to any limited-liability company in good company standing on the records of the secretary of state on or after July 1, 2019, has failed to pay any required fees to the secretary of state when they have become due and payable, or the secretary of state has received notice from the division of taxation, in accordance with § 7-16-67.1, that the limited-liability company has failed to pay any fees or taxes due this state;
(4) The limited-liability company has failed for thirty (30) days to appoint and maintain a resident agent in this state as required by this chapter;
(5) The limited-liability company has failed, after change of its resident agent, to file in the office of the secretary of state a statement of the change as required by this chapter;
(6) The limited-liability company has failed to file in the office of the secretary of state any amendment to its articles of organization or certificate of registration or any articles of dissolution, cancellation of registration, merger, or consolidation as prescribed by this chapter; or
(7) A misrepresentation has been made of any material matter in any application, report, affidavit, or other document submitted by the limited-liability company pursuant to this chapter.
(b) No certificate of organization or certificate of registration of a limited-liability company shall be revoked by the secretary of state unless:
(1) The secretary of state shall have given the limited-liability company notice thereof not less than sixty (60) days prior to such revocation by regular mail addressed to the resident agent in this state on file with the secretary of state’s office, which notice shall specify the basis for the revocation; provided, however, that if a prior mailing addressed to the address of the resident agent of the limited-liability company in this state currently on file with the secretary of state’s office has been returned as undeliverable by the United States Postal Service for any reason, or if the revocation notice is returned as undeliverable by the United States Postal Service for any reason, the secretary of state shall give notice as follows:
(i) To the limited-liability company, domestic or foreign, at its principal office of record as shown in its most recent annual report, and no further notice shall be required; or
(ii) In the case of a limited-liability company that has not yet filed an annual report, then to the domestic limited-liability company at the principal office in the articles of organization or to the authorized person listed on the articles of organization, or to the foreign limited-liability company at the office required to be maintained by the limited-liability company in its state of organization, and no further notice shall be required; and
(2) The limited-liability company fails prior to revocation to file the annual report, pay the fees or taxes, file the required statement of change of resident agent, file the articles of amendment or amendment to its registration or articles of dissolution, cancellation of registration, merger, or consolidation, or correct the misrepresentation.
History of Section.P.L. 1992, ch. 280, § 1; P.L. 2001, ch. 26, § 4; P.L. 2001, ch. 268, § 4; P.L. 2007, ch. 97, § 1; P.L. 2007, ch. 108, § 1; P.L. 2012, ch. 67, § 1; P.L. 2012, ch. 72, § 1; P.L. 2017, ch. 371, § 2; P.L. 2017, ch. 376, § 2.

Structure Rhode Island General Laws

Rhode Island General Laws

Title 7 - Corporations, Associations and Partnerships

Chapter 7-16 - The Rhode Island Limited-Liability Company Act

Section 7-16-1. - Short title.

Section 7-16-2. - Definitions.

Section 7-16-3. - Purpose and duration.

Section 7-16-3.1. - Professional services.

Section 7-16-3.2. - Liability in rendering professional services.

Section 7-16-3.3. - Insurance or financial responsibility of limited-liability company.

Section 7-16-4. - Powers.

Section 7-16-5. - Formation.

Section 7-16-5.1. - Conversion of certain entities to a limited-liability company.

Section 7-16-5.2. - Approval of conversion of a limited-liability company.

Section 7-16-5.3, 7-16-5.4. - [Repealed.]

Section 7-16-6. - Articles of organization.

Section 7-16-7. - Execution of articles.

Section 7-16-8. - Filing.

Section 7-16-9. - Name — Fictitious business names.

Section 7-16-10. - Reservation of name — Transfer of reserved name.

Section 7-16-11. - Resident agent.

Section 7-16-12. - Amendment and restatement of articles of organization.

Section 7-16-13. - Certificates of correction.

Section 7-16-14. - Management by members.

Section 7-16-15. - Managers.

Section 7-16-16. - Election and removal of managers.

Section 7-16-17. - Duties of managers.

Section 7-16-18. - Limitation of liability of managers.

Section 7-16-19. - Action by managers.

Section 7-16-20. - Agency power of managers.

Section 7-16-21. - Voting rights of members.

Section 7-16-22. - Records and information.

Section 7-16-23. - Liability of members and managers.

Section 7-16-24. - Contributions to capital.

Section 7-16-25. - Liability for contribution.

Section 7-16-26. - Sharing of profits and losses.

Section 7-16-27. - Sharing of distributions.

Section 7-16-28. - Interim distributions.

Section 7-16-29. - Distributions upon withdrawal.

Section 7-16-30. - Distribution in kind.

Section 7-16-31. - Restrictions on making distributions.

Section 7-16-32. - Liability upon wrongful distribution.

Section 7-16-33. - Right to distribution.

Section 7-16-34. - Nature of membership interest.

Section 7-16-35. - Assignment of membership interest.

Section 7-16-36. - Right of assignee to become a member.

Section 7-16-37. - Rights of judgment creditor.

Section 7-16-38. - Powers of estate of a member.

Section 7-16-39. - Dissolution.

Section 7-16-40. - Judicial dissolution.

Section 7-16-41. - Revocation of certificate of organization or certificate of registration.

Section 7-16-42. - Issuance of certificates of revocation.

Section 7-16-43. - Withdrawal of certificate of revocation.

Section 7-16-44. - Appeal from revocation of certificate of organization.

Section 7-16-45. - Winding up.

Section 7-16-46. - Distribution of assets.

Section 7-16-47. - Articles of dissolution.

Section 7-16-48. - Law governing foreign limited-liability companies.

Section 7-16-49. - Registration of foreign limited-liability company.

Section 7-16-50. - Issuance of registration of foreign limited-liability company.

Section 7-16-50.1. - Service of process on foreign limited-liability company.

Section 7-16-51. - Name registration by foreign limited-liability company.

Section 7-16-52. - Amendments to registration of foreign limited-liability company.

Section 7-16-52.1. - Foreign application for transfer of authority.

Section 7-16-53. - Cancellation of registration of foreign limited-liability company.

Section 7-16-54. - Transaction of business by foreign limited-liability company without registration.

Section 7-16-55. - Action to restrain foreign limited-liability company.

Section 7-16-56. - Right of member to bring derivative action.

Section 7-16-57. - Pleading in derivative action.

Section 7-16-58. - Expenses in derivative action.

Section 7-16-59. - Merger or consolidation.

Section 7-16-60. - Plan of merger or consolidation.

Section 7-16-61. - Approval of merger or consolidation.

Section 7-16-62. - Articles of merger or consolidation.

Section 7-16-63. - Effects of merger or consolidation.

Section 7-16-64. - Merger or consolidation with foreign entity.

Section 7-16-65. - Filing, service, and copying fees.

Section 7-16-66. - Annual report of domestic and foreign limited-liability companies.

Section 7-16-67. - Filing of returns with the tax administrator — Annual charge.

Section 7-16-67.1. - Revocation of articles or authority to transact business for nonpayment of fee.

Section 7-16-68. - Limited-liability company property.

Section 7-16-69. - Certificates and certified copies to be received in evidence.

Section 7-16-70. - Parties to actions.

Section 7-16-71. - Unauthorized assumption of powers.

Section 7-16-72. - Severability.

Section 7-16-73. - Construction with other laws.

Section 7-16-74. - Forms to be furnished by secretary of state.

Section 7-16-75. - Reservation of power.

Section 7-16-76. - Low-profit limited-liability company.