Rhode Island General Laws 10-21-13.1. Owner’s duties in temporary non-liquidating receivership
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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.
History of Section.
P.L. 2022, ch. 107, § 1, effective June 20, 2022; P.L. 2022, ch. 108, § 1, effective June 20, 2022.
Terms Used In Rhode Island General Laws 10-21-13.1
- 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