Owner’s duties in temporary non-liquidating receivership
Known as the Rhode Island Commercial Receivership Act
The act spans §§ 10-21-1 to 10-21-9 (39 sections).
P.L. 2022, ch. 107, § 1, effective June 20, 2022; P.L. 2022, ch. 108, § 1, effective June 20, 2022.
Unless the court orders otherwise, the owner shall:
(1) Develop an operating plan and any modifications to the plan that the temporary non-liquidating receiver may propose;
(2) Obtain court approval of the operating plan; and
(3) Timely perform the owner’s duties under the operating plan.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.