Vermont § 1063 - Accountable for losses by neglect

Full text of Vermont Vermont Statutes Online § 1063 — Accountable for losses by neglect, with citation guidance and answers to common questions.

§ 1063. Accountable for losses by neglect

  • When an executor or administrator neglects or unreasonably delays to raise money by
    collecting the debts or selling the real or personal estate of the deceased, or neglects
    to pay over the money the fiduciary has in his or her hands, and the value of the
    estate is thereby lessened, or unnecessary cost or interest accrues, or the persons
    interested suffer loss, the same shall be deemed waste, and the damages sustained
    may be charged and allowed against the fiduciary in the fiduciary’s account or the
    fiduciary shall be liable for the damages on the fiduciary’s bond. (Amended 2017, No. 195 (Adj

Source: official Vermont text · Last verified 2026-08-27

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Frequently Asked Questions About Vermont § 1063

What does Vermont Statutes Online § 1063 cover?

Section 1063 ("Accountable for losses by neglect") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Vermont § 1063?

A common citation format is "Vermont Statutes Online § 1063" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Vermont law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.

How does Vermont § 1063 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.