The Vermont Statutes Online

Title 8: Banking and Insurance

Chapter 209: Conservation, Liquidation, and Insolvency

• Subchapter 001: Applicability of Chapter; Payments Restrained to Preserve Assets or Protect Depositors
•    § 19101. Applicability to Vermont financial institutions; independent trust companies; state financial institutions

•    § 19102. Governor's proclamation

•    § 19103. Business restricted

•    § 19104. Restrictions continued after holidays

•    § 19105. Orders as to deposits and debts due financial institution

•    § 19106. Withdrawals; rateable share of depositor's interest

•    § 19107. Publication of orders

•    § 19108. Appeal; receiver

•    § 19109. New commercial or savings deposits authorized; withdrawals

•    § 19110. Costs and expenses

• Subchapter 002: Financial Institution Conservators
•    § 19201. Appointment and bonding of conservators

•    § 19202. Conservation of assets

•    § 19203. Powers of conservator

•    § 19204. Rights of interested parties

•    § 19205. Fiduciary powers; appointment of new trustee for trust accounts

•    § 19206. Expenses; salary

•    § 19207. Withdrawals

•    § 19208. Deposits

•    § 19209. Termination of conservatorship

•    § 19210. Notice to depositors of termination of conservatorship

• Subchapter 003: Receivership and Dissolution
•    § 19301. Application for receiver; petition to divide losses

•    § 19302. Appointment of receiver; notice and hearing

•    § 19303. Bonding of receiver

•    § 19304. Commissioner as receiver

•    § 19305. Duties and rights of receiver

•    § 19306. Federal deposit insurance corporation

•    § 19307. Subrogation

•    § 19308. Order

•    § 19309. Limitation on time for proving claims

•    § 19310. Submission of disallowed claims to Superior judge

•    § 19311. Order to discontinue unauthorized practices

•    § 19312. Failure to comply with Commissioner's order

•    § 19313. Authority of court to enforce Commissioner's order

•    § 19314. Accounting and report of receiver

•    § 19315. Appeal

• Subchapter 004: Reorganization or Establishment of New Financial Institution
•    § 19401. Plan for reopening or establishment of new financial institution

•    § 19402. Petitioning court for hearing; notice; hearing; approval of plan

•    § 19403. Depositor's objection to plan; receivership continued

•    § 19404. Deposits of public money

•    § 19405. Deposits not paid or received; business continued

•    § 19406. Orders under which financial institution may continue business

•    § 19407. Expenses; deposits received after petition filed

•    § 19408. Petition denied; receiver to wind up affairs

• Subchapter 005: State Financial Institutions
•    § 19501. Petition; powers; procedure

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