A new population of the Argentinian endemic Riella choconensis Hässel (Riellaceae, Marchantiophyta) was discovered from a culture of sediments from the Laguna de los Juncos (Río Negro province, Argentina). This species was known previously from two nearby collections, made in 1984, in the type locality at the Ramos Mexía reservoir (Neuquén province) and was not recorded since. Fresh material from the new population enabled detailed morphological analyses, which are extensively described here, illustrated and compared to type material of the species. Based on the smooth female involucre, the species belongs to subgenus Riella Mont. However, cross-sections of this structure showed that R. choconensis has bistratose involucre walls, contrasting with the unistratose female involucres of all other species in the genus. The updated morphological data are integrated into a new key to the identification of the American species of Riella.