Vermont § 3465 - Exemption from investment limitations
Full text of Vermont Vermont Statutes Online § 3465 — Exemption from investment limitations, with citation guidance and answers to common questions.
§ 3465. Exemption from investment limitations
- (a) Nothing in this chapter or other statute law of the State shall be construed as denying
to an insurer the right to invest its funds, operate a business, manage or deal in
property, or take any other action over whatever period of time may be reasonably
necessary to avoid loss on a loan or investment previously made or an obligation created
in good faith, the conditions and limitations of the investment of funds in this chapter
to the contrary notwithstanding. (b) No investment limitation contained in this chapter shall prohibit an insurer from
investing in or acquiring securities or other properties of another insurance company
in connection with a lawful agreement of bulk reinsurance, merger, consolidation,
sale of assets, or acquisition of a subsidiary under subchapter 13 of this chapter. (c) No investment limitation contained in this chapter shall prohibit the acquisition
and retention by an insurer of substitute or additional securities or property if: (1) received as a dividend; (2) a lawful distribution of assets; (3) through the exercise of rights of conversion, warrants, or rights to purchase stock
or preemptive rights to subscribe to stock, contained in or attached to a previously
existing investment in such company; (4) pursuant to a lawful plan of reorganization. (Added 1967, No. 344 (Adj. Sess.), § 1 (ch. 1, subch. 5, art. 3, § 1); amended 2003, No. 163 (Adj. Sess.), § 44, eff. June 10, 2004.)
Frequently Asked Questions About Vermont § 3465
What does Vermont Statutes Online § 3465 cover?
Section 3465 ("Exemption from investment limitations") 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 § 3465?
A common citation format is "Vermont Statutes Online § 3465" (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 § 3465 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.