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
006
:
TAKING CUSTODY OF PROPERTY BY ADMINISTRATOR
(Cite as: 27 V.S.A. § 1511)
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§ 1511. Definition of good faith
In this subchapter, payment or delivery of property is made in good faith if a holder:
(1) had a reasonable basis for believing, based on the facts then known, that the property
was required or permitted to be paid or delivered to the Administrator under this
chapter; or
(2) made payment or delivery:
(A) in response to a demand by the Administrator or Administrator’s agent; or
(B) under a guidance or ruling issued by the Administrator that the holder reasonably
believed required or permitted the property to be paid or delivered. (Added 2019, No. 93 (Adj. Sess.), § 2, eff. Jan. 1, 2021.)