The Vermont Statutes Online
The Vermont Statutes Online does not include the actions of the 2024 session of the General Assembly. We expect them to be updated by November 1st.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Title 8: Banking and Insurance
Chapter 209: Conservation, Liquidation, and Insolvency
- Subchapter 001: Applicability of Chapter; Payments Restrained to Preserve Assets or Protect Depositors
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§ 19101. Applicability to Vermont financial institutions; independent trust companies; state financial institutions
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§ 19102. Governor's proclamation
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§ 19103. Business restricted
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§ 19104. Restrictions continued after holidays
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§ 19105. Orders as to deposits and debts due financial institution
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§ 19106. Withdrawals; rateable share of depositor's interest
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§ 19107. Publication of orders
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§ 19108. Appeal; receiver
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§ 19109. New commercial or savings deposits authorized; withdrawals
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§ 19110. Costs and expenses
- Subchapter 002: Financial Institution Conservators
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§ 19201. Appointment and bonding of conservators
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§ 19202. Conservation of assets
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§ 19203. Powers of conservator
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§ 19204. Rights of interested parties
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§ 19205. Fiduciary powers; appointment of new trustee for trust accounts
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§ 19206. Expenses; salary
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§ 19207. Withdrawals
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§ 19208. Deposits
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§ 19209. Termination of conservatorship
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§ 19210. Notice to depositors of termination of conservatorship
- Subchapter 003: Receivership and Dissolution
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§ 19301. Application for receiver; petition to divide losses
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§ 19302. Appointment of receiver; notice and hearing
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§ 19303. Bonding of receiver
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§ 19304. Commissioner as receiver
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§ 19305. Duties and rights of receiver
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§ 19306. Federal deposit insurance corporation
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§ 19307. Subrogation
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§ 19308. Order
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§ 19309. Limitation on time for proving claims
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§ 19310. Submission of disallowed claims to Superior judge
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§ 19311. Order to discontinue unauthorized practices
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§ 19312. Failure to comply with Commissioner's order
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§ 19313. Authority of court to enforce Commissioner's order
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§ 19314. Accounting and report of receiver
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§ 19315. Appeal
- Subchapter 004: Reorganization or Establishment of New Financial Institution
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§ 19401. Plan for reopening or establishment of new financial institution
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§ 19402. Petitioning court for hearing; notice; hearing; approval of plan
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§ 19403. Depositor's objection to plan; receivership continued
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§ 19404. Deposits of public money
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§ 19405. Deposits not paid or received; business continued
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§ 19406. Orders under which financial institution may continue business
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§ 19407. Expenses; deposits received after petition filed
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§ 19408. Petition denied; receiver to wind up affairs
- Subchapter 005: State Financial Institutions
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§ 19501. Petition; powers; procedure