Vermont § 7119 - Assuming company
Full text of Vermont Vermont Statutes Online § 7119 — Assuming company, with citation guidance and answers to common questions.
§ 7119. Assuming company
- ; Board; principal place of business; registered agent No assuming company shall be a party to a legacy insurance transfer under this chapter
unless: (1) its board of directors or committee of managers holds at least one meeting each year
in this State; (2) it maintains its principal place of business in this State; and (3) it appoints a registered agent to accept service of process and to otherwise act on
its behalf in this State, provided that whenever such registered agent cannot with
reasonable diligence be found at the registered office of the assuming company, the
Secretary of State shall be an agent of such assuming company upon whom any process,
notice, or demand may be served. (Added 2013, No. 93 (Adj. Sess.), § 3, eff. Feb. 19, 2014.)
Frequently Asked Questions About Vermont § 7119
What does Vermont Statutes Online § 7119 cover?
Section 7119 ("Assuming company") 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 § 7119?
A common citation format is "Vermont Statutes Online § 7119" (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 § 7119 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.