§ 10-4-5 - Removal or replacement of assignee. - Rhode Island Statutes

SECTION 10-4-5

   § 10-4-5  Removal or replacement ofassignee. – Any assignee under this chapter may be removed by the superior court, for causeshown, upon petition of one-fifth ( 1/5) in amount of the creditors and upon atleast five (5) days' notice by mail, postpaid, directed to all creditors attheir respective addresses and directed to the assignee. In case of the death,resignation, or removal of any assignee, a successor may be appointed by thesuperior court, upon the petition of any person interested, with like notice,as provided in this section, to all the creditors and to the assignor.