IN RE NEWPORT OFFSHORE LTD.

Bankruptcy No. 85-00723.

219 B.R. 341 (1998)

In re NEWPORT OFFSHORE LTD., Debtor.

United States Bankruptcy Court, D. Rhode Island.

February 9, 1998.


Attorney(s) appearing for the Case

Robert Cataldo, trustee, Ashaway, RI.


Memorandum of Decision

JAMES B. HAINES, Jr., Bankruptcy Judge.

Submitted on a stipulated record is the U.S. Trustee's objection to the plan disbursing agent's motion seeking authority to release unclaimed funds to co-receivers of the reorganized debtor. The objection raises questions concerning the permissibility of Rhode Island's statutory scheme providing for receivership, involuntary liquidation, and dissolution of state-created corporations in...

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