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Searching 2017-2018 Session

The Vermont Statutes Online

Title 24 : Municipal and County Government


Subchapter 007 : Protection of Bond and Noteholders

(Cite as: 24 V.S.A. § 4707)
  • § 4707. Exemption from execution and sale

    All property of the bank is exempt from levy and sale by virtue of an execution and no execution or other judicial process may issue against it nor may any judgment against the bank be a charge or lien upon its property, but nothing herein contained shall apply to or limit the rights of the holder of any bonds or notes to pursue any remedy for the enforcement of any pledge or lien given by the bank on its revenues or other moneys. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970.)