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: 23 V.S.A. § 3012)
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§ 3012. Discharge of surety
Any surety on a bond furnished by a licensee shall be discharged from any liability
to the State accruing on the bond after expiration of 60 days from the date the surety
filed by mail with the Commissioner a written request to be released and discharged,
but the surety shall not be released or discharged from liability already accrued
or that shall accrue before the expiration of the 60-day period. The Commissioner,
upon receipt of such a request, shall promptly notify by mail the licensee who furnished
the bond. Unless the licensee, prior to the expiration of the 60-day period, files
a new bond satisfactory to the Commissioner, the Commissioner shall revoke his or
her license. (Added 1981, No. 172 (Adj. Sess.), § 1; amended 2019, No. 149 (Adj. Sess.), § 17, eff. July 13, 2020.)