Vermont § 7210 - Limitations; authority to borrow
Full text of Vermont Vermont Statutes Online § 7210 — Limitations; authority to borrow, with citation guidance and answers to common questions.
§ 7210. Limitations; authority to borrow
- (a) In the event that the receiver does not have sufficient funds to cover expenses needed
to prevent or remove jeopardy to the residents or to pay the debts accruing to the
facility, the receiver may petition the court for permission to borrow for these purposes. (b) Notice of the receiver’s petition to the court for permission to borrow must be given
to the owner, the licensee, the mortgage holder, and the licensing agency. (c) The court may, after hearing, authorize the receiver to borrow money upon specified
terms of repayment and to pledge security, if necessary, if the court determines that
the facility should not be closed and that the loan is reasonably necessary to prevent
or remove jeopardy, or if it determines that the facility should be closed and that
the expenditure is necessary to prevent or remove jeopardy to residents for the limited
period of time when they are awaiting transfer. (Added 2009, No. 36, § 2.)
Frequently Asked Questions About Vermont § 7210
What does Vermont Statutes Online § 7210 cover?
Section 7210 ("Limitations; authority to borrow") 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 § 7210?
A common citation format is "Vermont Statutes Online § 7210" (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 § 7210 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.