Vt. Stat. Ann. tit. 8, § 2401
Definitions
Redline — July 1, 2021 → current.View current text →
Current — June 1, 2022
As of July 1, 2021
As used in this chapter:
As used in this chapter:
(1) "Act as fiduciary" or "acting as a fiduciary" means to: accept or execute trusts, including to: act as trustee under a written agreement;
(1) “Act as fiduciary” or “acting as a fiduciary” means to: accept or execute trusts, including to: act as trustee under a written agreement;
(2) receive money or other property in its capacity as trustee for investment in real or personal property;
(2) receive money or other property in its capacity as trustee for investment in real or personal property;
(3) act as trustee and perform the fiduciary duties committed or transferred to it by order of a court of competent jurisdiction;
(3) act as trustee and perform the fiduciary duties committed or transferred to it by order of a court of competent jurisdiction;
(4) act as trustee of the estate of a deceased person; or
(4) act as trustee of the estate of a deceased person; or
(5) act as trustee for a minor or incapacitated person;
(5) act as trustee for a minor or incapacitated person;
(6) administer in any other fiduciary capacity real or tangible personal property; or
(6) administer in any other fiduciary capacity real or tangible personal property; or
(7) act pursuant to order of a court of competent jurisdiction as executor or administrator of the estate of a deceased person or as a guardian or conservator for a minor or incapacitated person.
(7) act pursuant to order of a court of competent jurisdiction as executor or administrator of the estate of a deceased person or as a guardian or conservator for a minor or incapacitated person.
(8) "Company" means corporation or limited liability company.
(8) “Company” means corporation or limited liability company.
(9) "Independent trust company" means a company formed in this or any other state, that is chartered to act as a fiduciary or engages in a trust business, but is neither a depository institution nor a foreign bank as defined in Section 1(b)(7) of the International Banking Act of 1978.
(9) “Independent trust company” means a company formed in this or any other state, that is chartered to act as a fiduciary or engages in a trust business, but is neither a depository institution nor a foreign bank as defined in Section 1(b)(7) of the International Banking Act of 1978.
(10) “Trust business” means the holding out by a person to the public by advertising, solicitation or other means that the person is available to act as a fiduciary in this or another state for hire or compensation. Added 1997, No. 98 (Adj. Sess.), § 8b.
(10) “Trust business” means the holding out by a person to the public by advertising, solicitation or other means that the person is available to act as a fiduciary in this or another state for hire or compensation.
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.