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Rhode Island General Laws Title 10. Courts and Civil Procedure--Procedure in Particular Actions § 10-21-6.1. Appointment of temporary non-liquidating receiver

Current as of January 01, 2026 | Updated by Findlaw Staff

The court may appoint a temporary non-liquidating receiver on the request of the owner if:

(1) As of the date of an emergency declaration, the owner was not insolvent;

(2) As of the date of an emergency declaration, the owner was generally paying its debts as those debts became due;

(3) As of the date of an emergency declaration, the owner was not in material default of its obligations to a secured party;  and

(4) Either:

(i) Because of the events giving rise to the emergency, the owner's gross revenue has declined by more than twenty percent (20%), in a sixty (60) day period beginning on or after the date of an emergency declaration, as compared to the same period of the previous year;  or

(ii) Because of action by a governmental unit exercising its police or regulatory power to mitigate or otherwise address the emergency, the owner suspended or ceased a substantial part of its business operations.

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Cite this article: FindLaw.com - Rhode Island General Laws Title 10. Courts and Civil Procedure--Procedure in Particular Actions § 10-21-6.1. Appointment of temporary non-liquidating receiver - last updated January 01, 2026 | https://codes.findlaw.com/ri/title-10-courts-and-civil-procedure-procedure-in-particular-actions/ri-gen-laws-sect-10-21-6-1/

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