{"data":{"id":"us-ri/r.i.-gen.-laws-7-16-18","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 7-16-18","heading":"Limitation of liability of managers.","body":"(a) Subject to subsection (b), the articles of organization or operating agreement may eliminate or limit the personal liability of a manager to the limited liability company or to its members for monetary damages for breach of any duty provided for in § 7-16-17.\n(b) No provision permitted under subsection (a) limits or eliminates the liability of a manager for:\n(1) Breach of the manager’s duty of loyalty to the limited liability company or its members;\n(2) Acts or omissions not in good faith or that involve intentional misconduct or a knowing violation of law;\n(3) The liability imposed pursuant to the provisions of § 7-16-32; or\n(4) Any transaction from which the manager derived an improper personal benefit, unless the transaction was with the informed consent of the members or a majority of the disinterested managers. No provision eliminating or limiting the personal liability of a manager will be effective with respect to causes of action arising prior to the inclusion of the provision in the articles of organization or operating agreement.","path":["Title 7 Corporations, Associations, and Partnerships","Chapter 16 The Rhode Island Limited Liability Company Act"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE7/7-16/7-16-18.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T19:54:51Z","sha256":"1e320ffaa720e27533eced6aaa2b96f55343aeda98a235df914ca072fa2e2b29","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-7-16-17","next":"us-ri/r.i.-gen.-laws-7-16-19"},"notice":"GroundRules: Original legal text. Not legal advice."}