§ 7-12-31.1 - Nature of business. - Rhode-island Statutes

State Codes and Statutes

Statutes > Rhode-island > Title-7 > Chapter-7-12 > 7-12-31-1

SECTION 7-12-31.1

§ 7-12-31.1 Nature of business. – (a) Except as provided in subsection (b) of this section, a registered limitedliability partnership or a foreign registered limited liability partnership mayconduct any lawful business in this state.

(b) A registered limited liability partnership or a foreignregistered limited liability partnership may render professional services, asdefined in § 7-5.1-2(1), as and to the extent permitted under law or rulesand regulations of the applicable regulatory agency or agencies, as defined in§ 7-5.1-2(2). Each regulatory agency as so defined is authorized to adopt,subject to applicable law, rules and regulations regarding a domestic andforeign limited liability partnership rendering professional services. Therules and regulations shall not be inconsistent with law or rules orregulations regarding the rendering of professional services through aprofessional corporation.

State Codes and Statutes

Statutes > Rhode-island > Title-7 > Chapter-7-12 > 7-12-31-1

SECTION 7-12-31.1

§ 7-12-31.1 Nature of business. – (a) Except as provided in subsection (b) of this section, a registered limitedliability partnership or a foreign registered limited liability partnership mayconduct any lawful business in this state.

(b) A registered limited liability partnership or a foreignregistered limited liability partnership may render professional services, asdefined in § 7-5.1-2(1), as and to the extent permitted under law or rulesand regulations of the applicable regulatory agency or agencies, as defined in§ 7-5.1-2(2). Each regulatory agency as so defined is authorized to adopt,subject to applicable law, rules and regulations regarding a domestic andforeign limited liability partnership rendering professional services. Therules and regulations shall not be inconsistent with law or rules orregulations regarding the rendering of professional services through aprofessional corporation.

State Codes and Statutes

Back To Homepage

State Codes and Statutes

Statutes > Rhode-island > Title-7 > Chapter-7-12 > 7-12-31-1

SECTION 7-12-31.1

§ 7-12-31.1 Nature of business. – (a) Except as provided in subsection (b) of this section, a registered limitedliability partnership or a foreign registered limited liability partnership mayconduct any lawful business in this state.

(b) A registered limited liability partnership or a foreignregistered limited liability partnership may render professional services, asdefined in § 7-5.1-2(1), as and to the extent permitted under law or rulesand regulations of the applicable regulatory agency or agencies, as defined in§ 7-5.1-2(2). Each regulatory agency as so defined is authorized to adopt,subject to applicable law, rules and regulations regarding a domestic andforeign limited liability partnership rendering professional services. Therules and regulations shall not be inconsistent with law or rules orregulations regarding the rendering of professional services through aprofessional corporation.