Vermont § 1558 - Creditor may act
Full text of Vermont Vermont Statutes Online § 1558 — Creditor may act, with citation guidance and answers to common questions.
§ 1558. Creditor may act
- (a) If there is a deficiency of assets in the estate, any creditor of the estate who obtains
a license to do so from the Probate Division of the Superior Court may bring an action
in the name of the executor or administrator in the Probate Division to recover any
property fraudulently conveyed by the deceased in his or her lifetime. The action
shall be for the benefit of the creditors and shall be brought in the same manner
as an action by the executor or administrator under section 1554 of this title. A creditor licensed by the court to bring an action under this section may recover
any property conveyed by the deceased in his or her lifetime by a fraudulent or void
conveyance. (b) An action under this section shall not be commenced until the creditor files with
the court a bond with sufficient sureties conditioned to indemnify the executor or
administrator against the costs of the action. (c) A creditor who brings an action under this section shall have a lien upon the judgment
recovered by him or her for the costs incurred and any other expenses the court deems
equitable. (Amended 2009, No. 154 (Adj. Sess.), § 238a, eff. Feb. 1, 2011; 2017, No. 195 (Adj. Sess.), § 8.)
Frequently Asked Questions About Vermont § 1558
What does Vermont Statutes Online § 1558 cover?
Section 1558 ("Creditor may act") 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 § 1558?
A common citation format is "Vermont Statutes Online § 1558" (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 § 1558 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.