Rhode Island General Laws
Chapter 10-21 - Rhode Island Commercial Receivership Act
Section 10-21-2.1. - Additional definitions for emergency declaration temporary non-liquidating receivership.

§ 10-21-2.1. Additional definitions for emergency declaration temporary non-liquidating receivership.
In this chapter:
(1) “Emergency” means a serious, dangerous, or unexpected situation that causes or potentially causes widespread or substantial loss of life, injury, damage, or public health concern for a significant number of persons or substantial loss of property, including a “disaster” as defined in § 30-15-3.
(2) “Emergency declaration” means a declaration of disaster emergency issued by the governor pursuant to § 30-15-9.
(3) “Emergency declaration provisions” means §§ 10-21-2.1, 10-21-3.1, 10-21-6.1, 10-21-12.1, 10-21-13.1, 10-21-14.1, 10-21-16.1, 10-21-19.1, 10-21-21.1, and 10-21-28.1.
(4) “Temporary non-liquidating receiver” means a receiver appointed under the emergency declaration provisions.
(5) “Temporary non-liquidating receivership” means a receivership in which a temporary non-liquidating receiver has been appointed.
History of Section.P.L. 2022, ch. 107, § 1, effective June 20, 2022; P.L. 2022, ch. 108, § 1, effective June 20, 2022.

Structure Rhode Island General Laws

Rhode Island General Laws

Title 10 - Courts and Civil Procedure – Procedure in Particular Actions

Chapter 10-21 - Rhode Island Commercial Receivership Act

Section 10-21-1. - Short title.

Section 10-21-2. - Definitions.

Section 10-21-2.1. - Additional definitions for emergency declaration temporary non-liquidating receivership.

Section 10-21-3. - Notice and opportunity for hearing.

Section 10-21-3.1. - Administrative and procedural orders in temporary non-liquidating receivership.

Section 10-21-4. - Scope — Exclusions.

Section 10-21-5. - Power of court.

Section 10-21-6. - Appointment of receiver.

Section 10-21-6.1. - Appointment of temporary non-liquidating receiver.

Section 10-21-7. - Disqualification from appointment as receiver — Disclosure of interest.

Section 10-21-8. - Receiver’s bond — Alternative security.

Section 10-21-9. - Status of receiver as lien creditor.

Section 10-21-10. - Security interest covering after-acquired property.

Section 10-21-11. - Collection and turnover of receivership property.

Section 10-21-12. - Powers and duties of receiver.

Section 10-21-12.1. - Powers and duties of temporary non-liquidating receiver — Operating plan.

Section 10-21-13. - Duties of owner.

Section 10-21-13.1. - Owner’s duties in temporary non-liquidating receivership.

Section 10-21-14. - Stay — Injunction.

Section 10-21-14.1. - Stay in a temporary non-liquidating receivership.

Section 10-21-15. - Engagement and compensation of professional.

Section 10-21-16. - Use or transfer of receivership property not in the ordinary course of business.

Section 10-21-16.1. - Use or transfer of receivership property in a temporary non-liquidating receivership.

Section 10-21-17. - Executory contract.

Section 10-21-18. - Defenses and immunities of receiver.

Section 10-21-19. - Interim report of receiver.

Section 10-21-19.1. - Interim report of temporary non-liquidating receiver.

Section 10-21-20. - Notice of appointment — Claim against receivership — Distribution to creditors.

Section 10-21-21. - Fees and expenses.

Section 10-21-21.1. - Emergency declaration receivership program coordinator.

Section 10-21-22. - Removal of receiver — Replacement — Termination of receivership.

Section 10-21-23. - Final report of receiver — Discharge.

Section 10-21-24. - Receivership in another state — Ancillary proceeding.

Section 10-21-25. - Effect of enforcement by secured party.

Section 10-21-26. - Uniformity of application and construction.

Section 10-21-27. - Relation to Electronic Signatures in Global and National Commerce Act.

Section 10-21-28. - Transition.

Section 10-21-28.1. - Emergency declaration temporary non-liquidating receivership transition provisions.

Section 10-21-29. - Official comments.