Vermont § 7076 - Special claims
Full text of Vermont Vermont Statutes Online § 7076 — Special claims, with citation guidance and answers to common questions.
§ 7076. Special claims
- (a) The claim of a third party that is contingent only on his or her first obtaining a
judgment against the insured shall be considered and allowed as if there were no such
contingency. (b) A claim may be allowed even if contingent, if it is filed in accordance with section 7074 of this title. It may be allowed and the claimant may participate in all distributions declared
after it is filed to the extent that it does not prejudice the orderly administration
of the liquidation. (c) Claims that are due except for the passage of time shall be treated as absolute claims
are treated, except that such claims may be discounted at the legal rate of interest. (d) Claims made under employment contracts by directors, principal officers, or persons
in fact performing similar functions or having similar functions or having similar
powers are limited to payment for services rendered prior to the issuance of any order
of rehabilitation or liquidation under section 7052 or 7057 of this title. (Added 1991, No. 45, § 2, eff. May 29, 1991.)
Frequently Asked Questions About Vermont § 7076
What does Vermont Statutes Online § 7076 cover?
Section 7076 ("Special claims") 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 § 7076?
A common citation format is "Vermont Statutes Online § 7076" (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 § 7076 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.