{"data":{"id":"us-ri/r.i.-gen.-laws-10-21-7","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 10-21-7","heading":"Disqualification from appointment as receiver — Disclosure of interest.","body":"(a) The court may not appoint a person as receiver unless the person submits to the court a statement under penalty of perjury that the person is not disqualified.\n(b) Except as otherwise provided in subsection (c) of this section, a person is disqualified from appointment as receiver if the person:\n(1) Is an affiliate of a party;\n(2) Has an interest materially adverse to an interest of a party;\n(3) Has a material financial interest in the outcome of the action, other than compensation the court may allow the receiver;\n(4) Has a debtor-creditor relationship with a party; or\n(5) Holds an equity interest in a party, other than a noncontrolling interest in a publicly-traded company.\n(c) A person is not disqualified from appointment as receiver solely because the person:\n(1) Was appointed receiver or is owed compensation in an unrelated matter involving a party or was engaged by a party in a matter unrelated to the receivership;\n(2) Is an individual obligated to a party on a debt that is not in default and was incurred primarily for personal, family, or household purposes; or\n(3) Maintains with a party a deposit account as defined in § 6A-9-102(a)(29).\n(d) A person seeking appointment of a receiver may nominate a person to serve as receiver, but the court is not bound by the nomination.","path":["Title 10 Courts and Civil Procedure — Procedure in Particular Actions","Chapter 21 Rhode Island Commercial Receivership Act"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE10/10-21/10-21-7.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T19:55:08Z","sha256":"6567c1a0fb66bdb484d2dd0865e0a6475d3b7c40aff6c407938732349c53aa34","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-10-21-6.1","next":"us-ri/r.i.-gen.-laws-10-21-8"},"notice":"GroundRules: Original legal text. Not legal advice."}