Discontinuance of liquidation proceedings.
R.I. Gen. Laws § 7-1.2-1319
in effect7-1.2-1319. Discontinuance of liquidation proceedings.
The liquidation of the assets and business of a corporation may be discontinued at
any time during the liquidation proceedings when it is established that cause for
liquidation no longer exists. In the event that the court dismisses the proceedings,
it shall direct the receiver to redeliver to the corporation all its remaining property
and assets, and shall order any notice to creditors that the court deems proper under
the circumstances.
P.L. 2004, ch. 216, § 2; P.L. 2004, ch. 274, § 2; P.L. 2005, ch. 120, § 1; P.L. 2005,
ch. 130, § 1.
Source: State of Rhode Island General Assembly (rilegislature.gov)URL: https://webserver.rilegislature.gov/Statutes/TITLE7/7-1.2/7-13/7-1.2-1319.htmFetched: 10/20/2026
