Vermont § 7084 - Unclaimed and withheld funds
Full text of Vermont Vermont Statutes Online § 7084 — Unclaimed and withheld funds, with citation guidance and answers to common questions.
§ 7084. Unclaimed and withheld funds
- (a) All unclaimed funds subject to distribution remaining in the liquidator’s hands when
the liquidator is ready to apply to the court for discharge, including the amount
distributable to any creditor, shareholder, member, or other person who is unknown
or cannot be found, shall be deposited with the State Treasurer and shall be paid
without interest except in accordance with section 7081 of this title to the person entitled to such funds or to the person’s legal representative upon
proof satisfactory to the State Treasurer of the person’s right to the funds. Any
amount on deposit not claimed within seven years from the discharge of the liquidator
shall be deemed to have been abandoned and shall be escheated without formal escheat
proceedings and be deposited with the General Fund. (b) All funds withheld under section 7077 of this title and not distributed shall upon discharge of the liquidator be deposited with the
State Treasurer and paid by him or her in accordance with section 7077 of this title. Any sums remaining that under section 7077 of this title would revert to the undistributed assets of the insurer shall be transferred to the
State Treasurer and become the property of the State under subsection (a) of this
section, unless the Commissioner in his or her discretion petitions the court to reopen
the liquidation under section 7086 of this title. (Added 1991, No. 45, § 2, eff. May 29, 1991; amended 2021, No. 105 (Adj. Sess.), § 260, eff. July 1, 2022.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 7084
What does Vermont Statutes Online § 7084 cover?
Section 7084 ("Unclaimed and withheld funds") 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 § 7084?
A common citation format is "Vermont Statutes Online § 7084" (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 § 7084 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.