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
004
:
REORGANIZATION OR ESTABLISHMENT OF NEW FINANCIAL INSTITUTION
(Cite as: 8 V.S.A. § 19405)
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§ 19405. Deposits not paid or received; business continued
When a proceeding has been brought under section 19401 of this title, a deposit shall not be paid or received by that financial institution after the
filing of the petition until the final decree of the Superior judge or, unless the
Commissioner, in his or her discretion, and under such orders as the Commissioner
may prescribe and from time to time alter and amend, permits the financial institution
to continue in business pending final decree. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)