Rhode Island § 23-59-8 § 23-59-8. Financial instability.

Rhode Island Statutes

§ 23-59-8 — § 23-59-8. Financial instability.

Rhode Island § 23-59-8

Title 23Health and Safety

Ch. 23-59Continuing Care Provider Registration and Disclosure

This text of Rhode Island § 23-59-8 (§ 23-59-8. Financial instability.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 23-59-8 (2026).

Text

§ 23-59-8. Financial instability.
The department may act as authorized by § 23-59-16 to protect residents or prospective residents when the department determines that:
(1) A provider has been or will be unable, in such a manner as may endanger the ability
            of the provider to fully perform its obligations pursuant to its continuing care contracts,
            to meet the pro forma income or cash flow projections previously filed by the provider;
            or
         
(2) A provider is bankrupt, insolvent, under reorganization pursuant to federal bankruptcy
            laws, or in imminent danger of becoming bankrupt or insolvent.

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§ 23-59-8. Financial instability.

The department may act as authorized by § 23-59-16 to protect residents or prospective residents when the department determines that:

(1) A provider has been or will be unable, in such a manner as may endanger the ability of the provider to fully perform its obligations pursuant to its continuing care contracts, to meet the pro forma income or cash flow projections previously filed by the provider; or

(2) A provider is bankrupt, insolvent, under reorganization pursuant to federal bankruptcy laws, or in imminent danger of becoming bankrupt or insolvent.