Legal Opinion
Cambio v. G-7 Corporation, 96-0705 (1998)
Superior Court of Rhode Island
Decided February 11, 1998No. C.A. 96-0705Published
1Opinion of the Court
DECISION
The issue before the court is whether all or some of the provisions of the Rhode Island Receivership Statute, G.L. § 1956 7-1.1-90, et seq., are pre-empted by the Federal Bankruptcy Code. Jurisdiction for this receivership proceeding is pursuant to G.L. 1956 § 7-1.1-90, et seq.
Facts/Travel
Defendant ("G-7") is a corporation engaged in the business of real estate development. Plaintiffs are owners of voting common stock of G-7. On or about September 3, 1993, G-7 purchased a parcel of real estate ("property"), located in Dartmouth, Massachusetts, from Victor A. Palumbo Jr., Trustee of…
2Cases cited28 opinions
- Hines v. DavidowitzSupreme Court of the United States · 1941
- Rice v. Santa Fe Elevator Corp.Supreme Court of the United States · 1947
- Medtronic, Inc. v. LohrSupreme Court of the United States · 1996
- Florida Lime & Avocado Growers, Inc. v. PaulSupreme Court of the United States · 1963
- Jones v. Rath Packing Co.Supreme Court of the United States · 1977
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