Rhode Island General Laws 10-21-28.1. Emergency declaration temporary non-liquidating receivership transition provisions
(a) Notwithstanding § 10-21-28, the court may for cause apply this chapter to a receivership for which a receiver was appointed before June 20, 2022, if the owner would otherwise be eligible for a temporary non-liquidating receivership.
Terms Used In Rhode Island General Laws 10-21-28.1
- Court: means the superior court. See Rhode Island General Laws 10-21-2
- Owner: means the person for whose property a receiver is appointed. 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
(b) Unless extended by the general assembly, the emergency declaration provisions apply only to a receivership in which the court first appoints a receiver:
(1) If because of the COVID-19 pandemic, during the period beginning on the effective date of this chapter [June 20, 2022] and ending on June 30, 2022; or
(2) If because of any other emergency, during the period beginning on the date the emergency declaration is issued and ending ninety (90) days after the end of the emergency.
History of Section.
P.L. 2022, ch. 107, § 1, effective June 20, 2022; P.L. 2022, ch. 108, § 1, effective June 20, 2022.