The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 8 V.S.A. § 2408)
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§ 2408. Laws applicable; matters of contract
(a) An independent trust company exercising trust powers under this chapter shall be subject
to the same responsibilities, liabilities, and penalties as an individual acting in
like capacity, and the company shall have the same powers and shall receive the same
compensation as individuals acting in like capacity, if fixed by law.
(b) The exercise of powers not listed in subsection (a) of this section, and the performance
of the other duties by the company may be as contracted for by the parties interested.
(c) In performing its duties under a trust, an independent trust company shall be subject
to all applicable provisions of 14 V.S.A. chapter 105. (Added 1997, No. 98 (Adj. Sess.), § 8b.)