Section 280-RICR-20-25-12.3 - Liability for TaxA. Several liability of members of affiliated group: Except as provided in § 12.3(B) of this Part each member of the affiliated group during any part of a consolidated return period, shall be severally liable for the tax (including any deficiency in respect thereof) computed on the basis of a consolidated return of the group.B. Liability of subsidiary after withdrawal: If a subsidiary by reason of a bona fide sale of stock for fair value has ceased to be a member of the affiliated group its liability under § 12.3(A) of this Part shall remain unchanged. However, if such cessation occurred prior to the date on which the deficiency is assessed, the former subsidiary's deficiency shall be reduced to an amount equal to the part allocable to the former subsidiary on the basis of the consolidated net income properly allocated to it.C. Effect of intercompany agreements: Any agreement entered into by one or more members of the affiliated group with any other members of the group or with any other person shall in no case, reduce the liability prescribed under §§ 12.3(A) and (B) of this Part. 280 R.I. Code R. § 280-RICR-20-25-12.3