On appointment of a temporary non-liquidating receiver, the stay under § 10-21-14(a) is effective for the period that the court considers necessary, but not more than ninety (90) days. The court may extend the stay in increments of not more than thirty (30) days.
R.I. Gen. Laws § 10-21-14.1
Stay in a 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.
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.