Vermont § 4710 - Surety for deposits by

§ 4710. Surety for deposits by

• Bank All banks, trust companies, savings banks, investment companies, and other persons
  carrying on a banking business are hereby authorized to give to the Bank a good and
  sufficient undertaking with such sureties as shall be approved by the Bank to the
  effect that the Bank or banking institution as hereinbefore described shall faithfully
  keep and pay over to the order of or upon the warrant of the Bank or its authorized
  agent all such funds as may be deposited with it by the Bank and agreed interest thereon
  under or by reason of this chapter, at such times or upon such demands as may be agreed
  with the Bank or in lieu of these sureties, deposit with the Bank or its authorized
  agent or any trustee therefor or for the holders of any bonds, as collateral, such
  securities as the Bank may approve