{"data":{"id":"us-ri/r.i.-gen.-laws-7-16-46","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 7-16-46","heading":"Distribution of assets.","body":"On the winding up of a limited liability company, the assets shall be distributed as follows:\n(1) To creditors, including members who are creditors, to the extent permitted by law, in satisfaction of liabilities of the limited liability company other than liabilities for distributions to members under § 7-16-28 or § 7-16-29;\n(2) Except as provided in the articles of organization or written operating agreement, to members or former members in satisfaction of liabilities for distributions under § 7-16-28 or § 7-16-29; and\n(3) Except as provided in the articles of organization or a written operating agreement, to members and former members first to return their capital values and second in proportions in which the members share in distributions.","path":["Title 7 Corporations, Associations, and Partnerships","Chapter 16 The Rhode Island Limited Liability Company Act"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE7/7-16/7-16-46.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T19:54:51Z","sha256":"ba283395bcca293e0cb5efc0a779bba4ac28edfb7972c567e523c5ba721317dd","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-7-16-45","next":"us-ri/r.i.-gen.-laws-7-16-47"},"notice":"GroundRules: Original legal text. Not legal advice."}