The Vermont Statutes Online
The Statutes below include the actions of the 2024 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.
Title 27 : Property
Chapter 018 : Unclaimed Property
Subchapter 012 : ENFORCEMENT BY ADMINISTRATOR
(Cite as: 27 V.S.A. § 1596)-
§ 1596. Waiver of interest and penalty
The Administrator:
(1) may waive, in whole or in part, interest under subsection 1594(a) of this title and penalties under subsection 1594(b) or section 1595 of this title; and
(2) shall waive a penalty under subsection 1594(b) of this title if the Administrator determines that the holder acted in good faith and without negligence. (Added 2019, No. 93 (Adj. Sess.), § 2, eff. Jan. 1, 2021.)
