Rhode Island General Laws Title 7. Corporations, Associations, and Partnerships § 7-6-60. Jurisdiction of court to liquidate assets and affairs of the corporation

(i) That the directors are deadlocked in the management of the corporate affairs and that irreparable injury to the corporation is being suffered or is threatened because of the deadlock, and either that the members are unable to break the deadlock or there are no members having voting rights;

(ii) That the acts of the directors or those in control of the corporation are illegal, oppressive, or fraudulent;

(iii) That the members entitled to vote in the election of directors are deadlocked in voting power and have failed for at least two (2) years to elect successors to directors whose terms have expired or would have expired upon the election of their successors;

(iv) That the corporate assets are being misapplied or wasted;  or

(v) That the corporation is unable to carry out its purposes;

(i) When the claim of the creditor has been reduced to judgment and an execution on it has been returned unsatisfied and it is established that the corporation is insolvent;  or

(ii) When the corporation has admitted in writing that the claim of the creditor is due and owing and it is established that the corporation is insolvent;