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
002
:
DEPOSITS IN GENERAL
(Cite as: 8 V.S.A. § 14202)
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§ 14202. Payment of deposits to administrators from another state or country
(a) When a deposit is made in a financial institution by a person residing in another
state or country, the deposit, or any part thereof, with the interest thereon, may
be paid to the administrator or executor appointed in the state or country where the
depositor resided at the time of death, provided an administrator or executor has
not been appointed in this State at the time of such payment.
(b) An action shall not be maintained against a financial institution for the recovery
of a deposit or any part thereof, with the dividend or interest thereon, made by a
person residing in another state or country who has died, payment of which has been
made to the executor or administrator appointed in the state or country where the
depositor resided at the time of death, before the appointment of an executor or administrator
in this State. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)