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
001
:
INVESTMENT
(Cite as: 16 V.S.A. § 3641)
-
§ 3641. Common investment of individual trust funds
In its discretion, an educational institution may associate together for common investment
the funds of individual trusts or individual funds held by it whether created by order
of court or otherwise, if the terms of the trust or gift do not require a separate
investment. For that purpose, an educational institution may create an investment
account in which may be placed for investment the whole or any part of the funds of
trusts or gifts permitted to be associated. An individual trust or gift whose funds
are thus associated shall at all times be the equitable owner of its pro rata share
of the funds of such investment account and the net increase or decrease of its principal
during the time its funds are a part of such account.