Vermont § 7085 - Termination of proceedings
Full text of Vermont Vermont Statutes Online § 7085 — Termination of proceedings, with citation guidance and answers to common questions.
§ 7085. Termination of proceedings
- (a) When all assets justifying the expense of collection and distribution have been collected
and distributed under this chapter, the liquidator shall apply to the court for discharge.
The court may grant the discharge and make any other orders, including an order to
transfer any remaining funds that are uneconomic to distribute, as may be deemed appropriate. (b) Any other person may apply to the court at any time for an order under subsection
(a) of this section. If the application is denied, the applicant shall pay the costs
and expenses of the liquidator in resisting the application, including reasonable
attorney’s fees. (Added 1991, No. 45, § 2, eff. May 29, 1991.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 7085
What does Vermont Statutes Online § 7085 cover?
Section 7085 ("Termination of proceedings") 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 § 7085?
A common citation format is "Vermont Statutes Online § 7085" (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 § 7085 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.