§ 10-18-19 - Deferred obligations of debtor during pendency of receivership proceedings. - Rhode Island Statutes

SECTION 10-18-19

   § 10-18-19  Deferred obligations of debtorduring pendency of receivership proceedings. – During the pendency of these receivership proceedings, the debtor shall notvoluntarily incur obligations for the payment of money at any time in excess ofan aggregate amount of one hundred dollars ($100) or incur any securedobligation without the prior approval of the receiver upon the receiver'sdetermination that the obligations are for the reasonable living requirementsof the debtor or his or her family or dependents and that payments of theobligations will not represent an undue hazard to the successful completion ofthe plan.