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.
(Cite as: 9 V.S.A. § 4305)
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§ 4305. Exceptions
The provisions of section 4303 of this title shall not apply to any purchase and sale, or sale and purchase, and the provisions
of section 4303 of this title shall not apply to any sale, of an equity security of a domestic stock insurance
company not then or theretofore held by him or her in an investment account, by a
dealer in the ordinary course of his or her business and incident to the establishment
or maintenance by him or her of a primary or secondary market otherwise than on an
exchange as defined in the Securities Exchange Act of 1934 for the security. The
Commissioner may, by such rules and regulations as he or she considers necessary or
appropriate in the public interest, define and prescribe terms and conditions with
respect to securities held in an investment account and transactions made in the ordinary
course of business and incident to the establishment or maintenance of a primary or
secondary market. (Added 1965, No. 88, § 4.)