Rhode Island § 27-14.3-50 § 27-14.3-50. Termination of proceedings.

Rhode Island Statutes

§ 27-14.3-50 — § 27-14.3-50. Termination of proceedings.

Rhode Island § 27-14.3-50

Title 27Insurance

Ch. 27-14.3Insurersâ€™ Rehabilitation and Liquidation Act

This text of Rhode Island § 27-14.3-50 (§ 27-14.3-50. Termination of proceedings.) 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 § 27-14.3-50 (2026).

Text

§ 27-14.3-50. Termination of proceedings.

(a) When all assets justifying the expense of collection and distribution have been collected and distributed under this chapter, the liquidator shall apply to the court for discharge. The court may grant the discharge and make any other orders, including an order to transfer any remaining funds that are uneconomic to distribute, as may be deemed appropriate.

(b) Any other person may apply to the court at any time for an order under subsection

(a)of this section. If the application is denied, the applicant shall pay the costs and expenses of the liquidator in resis

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§ 27-14.3-50. Termination of proceedings.

(a) When all assets justifying the expense of collection and distribution have been collected and distributed under this chapter, the liquidator shall apply to the court for discharge. The court may grant the discharge and make any other orders, including an order to transfer any remaining funds that are uneconomic to distribute, as may be deemed appropriate.

(b) Any other person may apply to the court at any time for an order under subsection (a) of this section. If the application is denied, the applicant shall pay the costs and expenses of the liquidator in resisting the application, including a reasonable attorney's fee.