TITLE 7
Corporations, Associations, and Partnerships
CHAPTER 7-1.2
Rhode Island Business Corporation Act
PART 7-1.2-1301
Dissolution and Revocation
SECTION 7-1.2-1323
§ 7-1.2-1323 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.
History of Section.
(P.L. 2004, ch. 216, § 2; P.L. 2004, ch. 274, § 2.)