(a)  On completion of a receiver‘s duties, the receiver shall file a final report including:

(1)  A description of the activities of the receiver in the conduct of the receivership;

(2)  A list of receivership property at the commencement of the receivership and any receivership property received during the receivership;

(3)  A list of disbursements, including payments to professionals engaged by the receiver;

(4)  A list of dispositions of receivership property;

(5)  A list of distributions made or proposed to be made from the receivership for creditor claims;

(6)  If not filed separately, a request for approval of the payment of fees and expenses of the receiver; and

(7)  Any other information required by the court.

Terms Used In Rhode Island General Laws 10-21-23

  • Court: means the superior court. See Rhode Island General Laws 10-21-2
  • Property: means all of a person's right, title, and interest, both legal and equitable, in real and personal property, tangible and intangible, wherever located and however acquired. See Rhode Island General Laws 10-21-2
  • Receiver: means a person appointed by the court as the court's agent, and subject to the court's direction, to take possession of, manage, and, if authorized by this chapter or court order, transfer, sell, lease, license, exchange, collect, or otherwise dispose of receivership property. See Rhode Island General Laws 10-21-2
  • Receivership: means a proceeding in which a receiver is appointed. See Rhode Island General Laws 10-21-2
  • Receivership property: means the property of an owner which is described in the order appointing a receiver or a subsequent order. See Rhode Island General Laws 10-21-2

(b)  If the court approves a final report filed under subsection (a) of this section and the receiver distributes all receivership property, the receiver is discharged.

History of Section.
P.L. 2022, ch. 107, § 1, effective June 20, 2022; P.L. 2022, ch. 108, § 1, effective June 20, 2022.