PocketLaw | Vermont Statutes | Conservation, Liquidation, And

Conservation, Liquidation, And Insolvency

Checkout our iOS App for a better way to browser and research.

Applicability to Vermont financial institutions; independent trust companies; state financial institutions

Governor's proclamation

Business restricted

Restrictions continued after holidays

Orders as to deposits and debts due financial institution

Withdrawals, rateable share of depositor's interest

Publication of orders

Appeal; receiver

New commercial or savings deposits authorized; withdrawals

Costs and expenses

Appointment and bonding of conservators

Conservation of assets

Powers of conservator

Rights of interested parties

Fiduciary powers; appointment of new trustee for trust accounts

Expenses; salary

Withdrawals

Deposits

Termination of conservatorship

Notice to depositors of termination of conservatorship

Application for receiver; petition to divide losses

Appointment of receiver; notice and hearing

Bonding of receiver

Commissioner as receiver

Duties and rights of receiver

Federal deposit insurance corporation

Subrogation

Order

Limitation on time for proving claims

Submission of disallowed claims to Superior judge

Order to discontinue unauthorized practices

Failure to comply with Commissioner's order

Authority of Court to enforce Commissioner's order

Accounting and report of receiver

Appeal

Plan for reopening or establishment of new financial institution

Petitioning Court for hearing; notice; hearing; approval of plan

Depositor's objection to plan; receivership continued

Deposits of public money

Deposits not paid or received; business continued

Orders under which financial institution may continue business

Expenses; deposits received after petition filed

Petition denied; receiver to wind up affairs

Petition; powers; procedure

State Financial Institutions