Vermont § 1201 - Notice to creditors
Full text of Vermont Vermont Statutes Online § 1201 — Notice to creditors, with citation guidance and answers to common questions.
§ 1201. Notice to creditors
- (a) The Probate Division of the Superior Court may issue an order excusing the executor
or administrator from complying with the notice to creditors provisions of the Rules
of Probate Procedure when it appears to the court that: (1) there are no debts existing against the decedent; or (2) that the debts against the decedent are all known to the executor or administrator
and there are funds to pay them; or (3) the value of the estate does not exceed the sum of $2,500.00 and is assigned for the
support of the surviving spouse. (b) If notice is not given because an order is entered as provided in subsection (a) of
this section, any assets distributed by the administrator or executor will be subject
to any claims later established, and sections 1202 and 1203 of this title shall apply, but the executors or administrators will not be liable to distributees
for losses to them when required to reimburse creditors. (Added 1975, No. 240 (Adj. Sess.), § 7; amended 1985, No. 144 (Adj. Sess.), § 58; 2009, No. 154 (Adj. Sess.), § 238a, eff. Feb. 1, 2011.)
Frequently Asked Questions About Vermont § 1201
What does Vermont Statutes Online § 1201 cover?
Section 1201 ("Notice to creditors") 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 § 1201?
A common citation format is "Vermont Statutes Online § 1201" (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 § 1201 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.