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
:
FORM AND NATURE OF BONDS AND NOTES
(Cite as: 10 V.S.A. § 638)
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§ 638. Notes and bonds as legal investments
Notwithstanding any other law, the State and all public officers, governmental units,
and agencies thereof, all banks, trust companies, savings banks and institutions,
building and loan associations, savings and loan associations, investment companies,
and other persons carrying on a banking business, all insurance companies, insurance
associations, and other persons carrying on an insurance business, all credit unions,
and all executors, administrators, guardians, trustees, and other fiduciaries may
legally invest any sinking funds, monies, or other funds belonging to them or within
their control in any bonds or notes issued under this chapter, and the bonds or notes
are authorized security for any and all public deposits. (Added 1973, No. 260 (Adj. Sess.), § 3, eff. April 11, 1974.)