R.I. Gen. Laws § 44-19-22 — Notice of transfer of business — Taxes due immediately

The sale or transfer by any taxpayer other than receivers, assignees under a voluntary
assignment for the benefit of creditors, trustees in bankruptcy, debtors in possession
in bankruptcy, or public officers acting under judicial process of the major part
in value of the assets of the taxpayer, other than in the ordinary course of trade
and the regular and usual prosecution of the taxpayer’s business, is fraudulent and
void as against the state, unless the taxpayer, at least five (5) days before the
sale or transfer, notifies the tax administrator of the proposed sale or transfer
and of the price, terms, and conditions of the sale or transfer and of the character
and location of those assets by requesting a letter of good standing from the tax
division. Whenever the taxpayer makes a sale or transfer, any and all tax returns
required to be filed under this title must be filed and any and all taxes imposed
under this title must be paid at the time the tax administrator is so notified of
the sale or transfer, or, if the administrator is not so notified, at the time when
he or she should have been notified of the sale or transfer.