Theorem 2
Tag 04BO, permanent. Cite it as [Bourbaki, Tag 04BO].
Commutative Algebra, chapter II, § 5. Finitely generated projective modules. Invertible fractional ideals
Let be an -module and an integer . The following properties are equivalent:
(a) is projective of rank .
(b) is finitely generated and, for every maximal ideal of , the -*module* , is free of rank .
(c) is finitely generated and, for every prime ideal of , the -*module* is free of rank .
(d) For every maximal ideal of , there exists such that the -*module* is free of rank .
By Definition 2 and Theorem 1, (a) and (c) are equivalent; (b) implies (c), as, for every prime ideal of , there exists a maximal ideal containing and, writing , is isomorphic to (§ 2, no. 5, Proposition 11); if is free of rank , so then is . Property (c) implies (d) by virtue of Theorem 1 and the fact that, iff and , is isomorphic to and therefore the ranks of and are equal. Finally, this last argument and Theorem 1 show that (d) implies (b).
Bourbaki puts the proof directly after the statement, so what is above is the statement and its proof together.