GroundRules
← Search the law
Rhode Island · Through site files published 2025-08-13 · Newer source version available

R.I. Gen. Laws § 7-12-8: Memorandum exonerating partner on separate composition.

Read at publisher ↗
Where this section sits in the code
  1. Title 7 Corporations, Associations, and Partnerships
  2. Chapter 12 Partnerships

Every debtor making a composition or compromise takes from the creditor with whom he or she may make the composition or compromise a note or memorandum in writing, exonerating him or her from all individual liability incurred by reason of the connection with the copartnership. The note or memorandum may be given in evidence by the debtor under the general issue, in bar of the creditor’s right of recovery against him or her.

Collected 2026-09-05T19:25:29Z. Source file · JSON

Browse this collection