The owner may use or transfer receivership property, by sale, lease, license, exchange or other disposition, only:
(1) With court approval; and
(2) After the court approves the operating plan, in accordance with the plan.
R.I. Gen. Laws § 10-21-16.1
Use or transfer of receivership property 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.