§ 10-18-5. Resignation and removal of receiver — Termination of receivership.
(a) The receiver may resign only on permission of a justice of the superior court.
(b) The receiver may be removed by any creditor or the debtor at any time by application to the court and upon good cause satisfactory to the court being shown for his or her removal.
(c) Upon resignation or removal of the receiver or termination of the receivership for any other reason:
(1) If such event occurs during the pendency of the plan, the court shall appoint a successor receiver in accordance with the provisions of § 10-18-4; and
(2) The receiver shall render full accounting to the court of the transactions under the plan during his or her service as receiver.
History of Section.P.L. 1972, ch. 186, § 1.
Structure Rhode Island General Laws
Title 10 - Courts and Civil Procedure – Procedure in Particular Actions
Chapter 10-18 - Wage Earner Receivership
Section 10-18-1. - Short title.
Section 10-18-2. - Definitions.
Section 10-18-3. - Filing of petition.
Section 10-18-4. - Appointment of receiver and assignment.
Section 10-18-5. - Resignation and removal of receiver — Termination of receivership.
Section 10-18-6. - Compensation of receiver.
Section 10-18-7. - Effect of filing.
Section 10-18-8. - Filing of the accepted plan with the secretary of state and its effect.
Section 10-18-9. - Effect of approval of plan on prior unsecured creditors.
Section 10-18-10. - Effect of approval of plan on prior secured creditors.
Section 10-18-11. - Subsequent creditors.
Section 10-18-12. - Claims brought to judgment — Priority in case of default.
Section 10-18-13. - Establishment of plan.
Section 10-18-14. - Contents and payments of plan.
Section 10-18-15. - Dispute of claims during pendency of proceedings.
Section 10-18-16. - Termination of the plan.
Section 10-18-17. - Duration of proceedings.
Section 10-18-18. - Subpoenas — Costs.
Section 10-18-19. - Deferred obligations of debtor during pendency of receivership proceedings.