Vt. Stat. Ann. tit. 11, § 1600
Deposits; sale of cooperative interests; escrow
Redline — July 1, 2021 → current.View current text →
Current — June 1, 2022
As of July 1, 2021
Deposits taken in connection with the sale of cooperative interests by a cooperative housing corporation, with respect to units intended for residential use shall be deposited and held in an interest-bearing escrow account for the benefit of the purchaser, until such time as the transaction closes unless the escrow requirement is expressly waived by the purchaser.
Deposits taken in connection with the sale of cooperative interests by a cooperative housing corporation, with respect to units intended for residential use shall be deposited and held in an interest-bearing escrow account for the benefit of the purchaser, until such time as the transaction closes unless the escrow requirement is expressly waived by the purchaser.
Added 1987, No. 254 (Adj. Sess.), § 1, eff. June 16, 1988.
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.