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. § 7083)
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§ 7083. Distribution of assets
Under the direction of the court, the liquidator shall pay distributions in a manner
that will ensure the proper recognition of priorities and a reasonable balance between
the expeditious completion of the liquidation and the protection of unliquidated and
undetermined claims, including third-party claims. Distribution of assets in kind
may be made at valuations set by agreement between the liquidator and the creditor
and approved by the court. (Added 1991, No. 45, § 2, eff. May 29, 1991; amended 2021, No. 105 (Adj. Sess.), § 259, eff. July 1, 2022.)