Vermont § 14410 - Fiduciary investments
Full text of Vermont Vermont Statutes Online § 14410 — Fiduciary investments, with citation guidance and answers to common questions.
§ 14410. Fiduciary investments
- (a) In the absence of an express prohibition in the instrument, judgment, decree, power,
order, or other writing creating a trust or other fiduciary relationship, a financial
institution acting as fiduciary may invest and reinvest funds held by it in a fiduciary
capacity in the securities of an open-end or closed-end investment company or investment
trust registered under 15 U.S.C. § 80a-1 to 80a-64 (Investment Company Act of 1940), as that act exists now or as amended in the future. (b) The investments authorized in subsection (a) of this section may be made even if the
financial institution, or an affiliate thereof, is providing services to the investment
company and is receiving reasonable compensation for such services as an advisor,
manager, sponsor, administrator, broker, distributor, custodian, shareholder servicing
agent, transfer agent, registrar, or any related services. At least annually, the
financial institution shall disclose in a clear and conspicuous manner to the principal
of each fiduciary account the fees it has charged or received from the investment
company, or an affiliate thereof, for such services and the basis upon which compensation
is calculated, expressed either in a specific amount or as a percentage of asset value. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 14410
What does Vermont Statutes Online § 14410 cover?
Section 14410 ("Fiduciary investments") 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 § 14410?
A common citation format is "Vermont Statutes Online § 14410" (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 § 14410 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.