Tolls the statute of limitations for causes of action against unregistered businesses until they register.

This bill modifies the statute of limitations for causes of action arising from business activities in Rhode Island by entities that are required to register with the secretary of state but have not done so. The statute of limitations will be tolled until the entity becomes registered or authorized to transact business in the state. The bill also provides a voluntary compliance incentive, starting the limitations period upon registration if done before written notice of a claim or enforcement inquiry.

Tolls the statute of limitations for causes of action against unregistered businesses until they register.

This bill modifies the statute of limitations for causes of action arising from business activities in Rhode Island by entities that are required to register with the secretary of state but have not done so. The statute of limitations will be tolled until the entity becomes registered or authorized to transact business in the state. The bill also provides a voluntary compliance incentive, starting the limitations period upon registration if done before written notice of a claim or enforcement inquiry.