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
004
:
RECEIVERSHIP PROCEEDINGS
(Cite as: 33 V.S.A. § 7216)
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§ 7216. Review and termination
(a) The court shall review the necessity of the receivership at least semiannually.
(b) Either party or the Commissioner of Disabilities, Aging, and Independent Living may
petition the court to terminate the receivership. The petition shall include a certification
from the Commissioner or designee that the conditions that prompted the appointment
have been corrected or, in the case of a discontinuance of operation, when the residents
are safely relocated.
(c) The petitioner shall send notice of the petition to terminate the receivership to
the mortgage holder, the licensing agency, and the State Long-Term Care Ombudsman
at the time of filing.
(d) A receivership shall not be terminated in favor of the former or the new licensee
unless that person assumes all obligations incurred by the receiver and provides collateral
or other assurances of payment considered sufficient by the court.
(e) At the time of termination of the receivership, the court shall lift the suspension
or revoke the license of the licensee. (Added 2009, No. 36, § 2; amended 2021, No. 20, § 363.)