Vermont § 19208 - Deposits

Full text of Vermont Vermont Statutes Online § 19208 — Deposits, with citation guidance and answers to common questions.

§ 19208. Deposits

  • (a) In the Commissioner’s discretion, the Commissioner may permit the conservator to receive
    deposits, but deposits received while the financial institution is in the hands of
    the conservator shall not be subject to any limitation as to payment or withdrawal,
    and those deposits shall be segregated and shall not be used to liquidate any indebtedness
    of the financial institution existing at the time that a conservator was appointed
    to it, or any subsequent indebtedness incurred for the purpose of liquidating any
    indebtedness of the financial institution existing at the time the conservator was
    appointed. (b) Deposits so received while the financial institution is in the hands of the conservator
    shall be kept on hand in cash, invested in the direct obligations of the United States,
    or deposited in financial institutions approved by the Commissioner. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)

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Frequently Asked Questions About Vermont § 19208

What does Vermont Statutes Online § 19208 cover?

Section 19208 ("Deposits") 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 § 19208?

A common citation format is "Vermont Statutes Online § 19208" (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 § 19208 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.