Client AlertsCommercial & Public FinanceRhode Island Modernizes its Receivership Law By Enacting the Commercial Receivership Act
By Daniel E. Burgoyne On June 20, 2022, Rhode Island Governor Daniel J. McKee signed into law the Rhode Island Commercial Receivership Act (“CRA”), which updates and modernizes Rhode Island receivership practice. Pub. L. 2002, ch. 107 and 108. The CRA is based upon the Uniform Law Commission’s 2015 Commercial Real Estate Receivership Act. The uniform act is...