Bill
Bill > S2093
summary
Introduced
01/25/2022
01/25/2022
In Committee
06/09/2022
06/09/2022
Crossed Over
05/19/2022
05/19/2022
Passed
06/14/2022
06/14/2022
Dead
Signed/Enacted/Adopted
06/20/2022
06/20/2022
Introduced Session
2022 Regular Session
Bill Summary
This act would create a temporary non-liquidating receivership program for businesses that have had a substantial decline in revenue after an emergency declaration by the government or for businesses that have suspended or ceased a substantial part of their operations because of action by a governmental unit exercising its police or regulatory powers to address an emergency. This act would take effect upon passage.
AI Summary
This bill creates a temporary non-liquidating receivership program for businesses that have had a substantial decline in revenue or suspended or ceased a substantial part of their operations due to an emergency declaration or governmental action. The bill outlines the requirements for appointing a temporary non-liquidating receiver, the receiver's powers and duties, and procedures for developing and approving an operating plan to justify termination of the receivership. The bill also provides for a stay on certain actions against the business and its property during the receivership period. The bill takes effect upon passage.
Committee Categories
Justice
Sponsors (4)
Last Action
Signed by Governor (on 06/20/2022)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://webserver.rilegislature.gov/BillText22/SenateText22/S2093.pdf |
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