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
005
:
RECEIVERS
(Cite as: 12 V.S.A. § 4481)
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§ 4481. Receivers of goods attached
When the stock in a manufacturing establishment consisting of articles in the process
of manufacture, with or without the materials necessary for the manufacture of the
same, hereinafter referred to as “stock,” is taken by virtue of a writ of attachment
in a civil action, and cannot be sold without a sacrifice, and cannot be kept without
loss and damage, on the motion of a party interested to the presiding judge of the
Superior Court in which the action is pending or by complaint to any other Superior
judge, the judge may appoint in his or her discretion a competent person to receive
the stock so attached, complete the manufacture thereof, dispose of the same on the
terms most advantageous to the persons interested, and apply the proceeds under the
direction of the judge:
(1) to the payment of necessary expenses incurred by the receiver in the manufacture and
sale of the stock;
(2) to the payment of such sum as the judge deems reasonable to the receiver for his or
her services;
(3) to the payment of the costs of the proceedings;
(4) the residue shall be applied as though the money were received by the officer, on
the sale of the stock, by consent or otherwise, upon the original attachment. (Amended 1971, No. 185 (Adj. Sess.), § 121, eff. March 29, 1972; 1973, No. 193 (Adj. Sess.), § 3, eff. April 9, 1974.)