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
:
FINANCIAL INSTITUTION CONSERVATORS
(Cite as: 8 V.S.A. § 19210)
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§ 19210. Notice to depositors of termination of conservatorship
In case the Commissioner, in the exercise of the Commissioner’s discretion, is satisfied
that it would be in the public interest to terminate the conservatorship either with
or without reorganization, before the conservator shall turn back the affairs of the
Vermont financial institution to its governing body, the Commissioner shall cause
to be published in a newspaper in the city, town, or county in which the financial
institution is located, a notice in form approved by the Commissioner stating the
date on which the affairs of the financial institution will be returned to its governing
body. On the date of the publication of that notice, the conservator shall immediately
send to every person who is a depositor in the financial institution a copy of that
notice by mail, addressed to the last known address of that person as shown by the
records of the financial institution, and the conservator shall send similar notice
in like manner to every person making a deposit in that financial institution under
section 19208 of this title after the date of that newspaper publication and before the time when the affairs
of the financial institution are returned to its governing body. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)