Vermont § 2408 - Laws applicable; matters of contract
Full text of Vermont Vermont Statutes Online § 2408 — Laws applicable; matters of contract, with citation guidance and answers to common questions.
§ 2408. Laws applicable; matters of contract
- (a) An independent trust company exercising trust powers under this chapter shall be subject
to the same responsibilities, liabilities, and penalties as an individual acting in
like capacity, and the company shall have the same powers and shall receive the same
compensation as individuals acting in like capacity, if fixed by law. (b) The exercise of powers not listed in subsection (a) of this section, and the performance
of the other duties by the company may be as contracted for by the parties interested. (c) In performing its duties under a trust, an independent trust company shall be subject
to all applicable provisions of 14 V.S.A. chapter 105. (Added 1997, No. 98 (Adj. Sess.), § 8b.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 2408
What does Vermont Statutes Online § 2408 cover?
Section 2408 ("Laws applicable; matters of contract") 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 § 2408?
A common citation format is "Vermont Statutes Online § 2408" (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 § 2408 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.