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. § 7085)
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§ 7085. Termination of proceedings
(a) When all assets justifying the expense of collection and distribution have been collected
and distributed under this chapter, the liquidator shall apply to the court for discharge.
The court may grant the discharge and make any other orders, including an order to
transfer any remaining funds that are uneconomic to distribute, as may be deemed appropriate.
(b) Any other person may apply to the court at any time for an order under subsection
(a) of this section. If the application is denied, the applicant shall pay the costs
and expenses of the liquidator in resisting the application, including reasonable
attorney’s fees. (Added 1991, No. 45, § 2, eff. May 29, 1991.)