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.
Subchapter
003
:
FORMAL PROCEEDINGS
(Cite as: 8 V.S.A. § 7076)
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§ 7076. Special claims
(a) The claim of a third party that is contingent only on his or her first obtaining a
judgment against the insured shall be considered and allowed as if there were no such
contingency.
(b) A claim may be allowed even if contingent, if it is filed in accordance with section 7074 of this title. It may be allowed and the claimant may participate in all distributions declared
after it is filed to the extent that it does not prejudice the orderly administration
of the liquidation.
(c) Claims that are due except for the passage of time shall be treated as absolute claims
are treated, except that such claims may be discounted at the legal rate of interest.
(d) Claims made under employment contracts by directors, principal officers, or persons
in fact performing similar functions or having similar functions or having similar
powers are limited to payment for services rendered prior to the issuance of any order
of rehabilitation or liquidation under section 7052 or 7057 of this title. (Added 1991, No. 45, § 2, eff. May 29, 1991.)