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: 11 V.S.A. § 934)
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§ 934. Bank deposits left with bank
Bank deposits assigned under the provisions of this chapter in consideration and as
security for scrip, except as otherwise directed by the Commissioner, shall remain
on deposit in the same bank where originally deposited, but with the Commissioner’s
consent, may be transferred to deposits classified as new savings deposits. Whenever
deposits which bear no interest are assigned to such scrip corporation, they may be
withdrawn under rules and regulations prescribed by the Commissioner, and placed at
interest, unless such corporation and such depository with the consent of the Commissioner
enter into an agreement for the payment of interest thereon.