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Vt. Stat. Ann. tit. 8, § 7033

Injunctions and orders

Redline — July 1, 2021 → current.View current text →
Current — June 1, 2022
As of July 1, 2021
(1) A receiver appointed in a proceeding under this chapter may at any time apply for, and any court of general jurisdiction may grant, restraining orders, preliminary and permanent injunctions, and other orders as may be deemed necessary and proper to prevent: the transaction of further business;
(1) A receiver appointed in a proceeding under this chapter may at any time apply for, and any court of general jurisdiction may grant, restraining orders, preliminary and permanent injunctions, and other orders as may be deemed necessary and proper to prevent: the transaction of further business;
(2) the transfer of property;
(2) the transfer of property;
(3) interference with the receiver or with a proceeding under this chapter;
(3) interference with the receiver or with a proceeding under this chapter;
(4) waste of the insurer's assets;
(4) waste of the insurer’s assets;
(5) dissipation and transfer of bank accounts;
(5) dissipation and transfer of bank accounts;
(6) the institution or further prosecution of any actions or proceedings;
(6) the institution or further prosecution of any actions or proceedings;
(7) the obtaining of preferences, judgments, attachments, garnishments, or liens against the insurer, its assets or its policyholders;
(7) the obtaining of preferences, judgments, attachments, garnishments, or liens against the insurer, its assets or its policyholders;
(8) the levying of execution against the insurer, its assets or its policyholders;
(8) the levying of execution against the insurer, its assets or its policyholders;
(9) the making of any sale or deed for nonpayment of taxes or assessments that would lessen the value of the assets of the insurer;
(9) the making of any sale or deed for nonpayment of taxes or assessments that would lessen the value of the assets of the insurer;
(10) the withholding from the receiver of books, accounts, documents, or other records relating to the business of the insurer; or
(10) the withholding from the receiver of books, accounts, documents, or other records relating to the business of the insurer; or
(11) any other threatened or contemplated action that might lessen the value of the insurer's assets or prejudice the rights of policyholders, creditors, or shareholders, or the administration of any proceeding under this chapter.
(11) any other threatened or contemplated action that might lessen the value of the insurer’s assets or prejudice the rights of policyholders, creditors, or shareholders, or the administration of any proceeding under this chapter.
(12) The receiver may apply to a court outside the State for the relief described in subsection (a) of this section. Added 1991, No. 45, § 2, eff. May 29, 1991.
(12) The receiver may apply to a court outside the State for the relief described in subsection (a) of this section.
Cross References

Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.