The Vermont Statutes Online
The Statutes below include the actions of the 2024 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.
Title 8 : Banking and Insurance
Chapter 209 : Conservation, Liquidation, and Insolvency
Subchapter 004 : REORGANIZATION OR ESTABLISHMENT OF NEW FINANCIAL INSTITUTION
(Cite as: 8 V.S.A. § 19407)-
§ 19407. Expenses; deposits received after petition filed
The expense of operation between filing of the petition and final decree shall be apportioned between the original assets and the new assets in such manner as the Superior judge may deem just. The deposits received between the filing of the petition and the final decree shall not be reduced by the decree except only to meet those expenses of operation, if any, or losses incurred with respect to those segregated assets. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)
