The Vermont Statutes Online
The Vermont Statutes Online have been updated to include the actions of the 2023 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.
Title 8 : Banking and Insurance
Chapter 111 : Fidelity, Surety, and Annuity Companies
(Cite as: 8 V.S.A. § 4145)-
§ 4145. Fidelity companies may act as sole surety
Where by law two or more sureties are required upon an obligation that a fidelity insurance company is authorized to insure, the fidelity insurance company may act as sole surety upon the obligation and may be accepted as such by the court or other person authorized to approve the sufficiency of the bond or undertaking. Any State law requiring sureties on bonds to be residents of this State shall not be construed to forbid the acceptance of a qualified foreign company as joint and sole surety upon any such bond. (Amended 2021, No. 105 (Adj. Sess.), § 158, eff. July 1, 2022.)
