Vt. Stat. Ann. tit. 8, § 19302
Appointment of receiver; notice and hearing
Redline — July 1, 2021 → current.View current text →
Current — June 1, 2022
As of July 1, 2021
The Court shall thereupon issue a notice to the treasurer and executive officer of such Vermont financial institution to appear at a time and place therein named and show cause why a receiver should not be appointed. If sufficient cause is not shown, the Court shall appoint a receiver to take charge of the property and effects of the financial institution, who shall be subject to the Superior Court.
The Court shall thereupon issue a notice to the treasurer and executive officer of such Vermont financial institution to appear at a time and place therein named and show cause why a receiver should not be appointed. If sufficient cause is not shown, the Court shall appoint a receiver to take charge of the property and effects of the financial institution, who shall be subject to the Superior Court.
Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.