Vermont § 19301 - Application for receiver; petition to divide losses

Full text of Vermont Vermont Statutes Online § 19301 — Application for receiver; petition to divide losses, with citation guidance and answers to common questions.

§ 19301. Application for receiver; petition to divide losses

  • If the Commissioner ascertains that a Vermont financial institution is insolvent or
    that it is unsafe for it to continue to transact business, the Commissioner shall
    apply to the Superior Court of Washington County for the appointment of a receiver
    unless, in case of a mutual or cooperative financial institution, the Commissioner
    deems it advisable to join with the governing body in a petition to divide the losses
    among the depositors as provided in this subchapter. (Added 1999, No. 153 (Adj

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

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Frequently Asked Questions About Vermont § 19301

What does Vermont Statutes Online § 19301 cover?

Section 19301 ("Application for receiver; petition to divide losses") 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 § 19301?

A common citation format is "Vermont Statutes Online § 19301" (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 § 19301 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.