§ 10-21-28.1. Emergency declaration temporary non-liquidating receivership transition provisions.
(a) Notwithstanding § 10-21-28, the court may for cause apply this chapter to a receivership for which a receiver was appointed before June 20, 2022, if the owner would otherwise be eligible for a temporary non-liquidating receivership.
(b) Unless extended by the general assembly, the emergency declaration provisions apply only to a receivership in which the court first appoints a receiver:
(1) If because of the COVID-19 pandemic, during the period beginning on the effective date of this chapter [June 20, 2022] and ending on June 30, 2022; or
(2) If because of any other emergency, during the period beginning on the date the emergency declaration is issued and ending ninety (90) days after the end of the emergency.
History of Section.
P.L. 2022, ch. 107, § 1, effective June 20, 2022; P.L. 2022, ch. 108, § 1, effective
June 20, 2022.