Jurisdiction of court to appoint a receiver.
R.I. Gen. Laws § 7-1.2-1323
in effect7-1.2-1323. Jurisdiction of court to appoint a receiver.
Upon the establishment of any of the grounds for liquidation of the assets and business
of
(1) A domestic corporation or
(2) A foreign corporation, to the extent the foreign corporation has assets within the
state, stated in § 7-1.2-1314, and upon the establishment that the liquidation would not be appropriate, the superior
court has full power to appoint a receiver, with any powers and duties that the court,
from time to time, directs, and to take any other proceedings that the court deems
advisable under the circumstances. The provisions of §§ 7-1.2-1314 — 7-1.2-1322, insofar as they are consistent with the nature of the proceeding, apply to the proceeding,
and in the proceeding the court has the full powers of a court of equity to make or
enter any orders, injunctions, and decrees and grant any other relief in the proceeding
that justice and equity require.
P.L. 2004, ch. 216, § 2; P.L. 2004, ch. 274, § 2.
Source: State of Rhode Island General Assembly (rilegislature.gov)URL: https://webserver.rilegislature.gov/Statutes/TITLE7/7-1.2/7-13/7-1.2-1323.htmFetched: 10/20/2026