Vermont § 932 - Indebtedness pledged to secure scrip All evidences of indebtedness pledged to secure scrip shall be delivered and held by the corporation issuing such scrip in trust to secure the redemption thereof in legal tender
Full text of Vermont Vermont Statutes Online § 932 — Indebtedness pledged to secure scrip All evidences of indebtedness pledged to secure scrip shall be delivered and held by the corporation issuing such scrip in trust to secure the redemption thereof in legal tender, with citation guidance and answers to common questions.
§ 932. Indebtedness pledged to secure scrip All evidences of indebtedness pledged to secure scrip shall be delivered and held by the corporation issuing such scrip in trust to secure the redemption thereof in legal tender
- . All bank deposits securing scrip shall be assigned to such issuing
corporation and by it held in trust as herein provided, but the interest and income
on such pledged securities and on one-third of such assigned bank deposits may be
used to defray the expenses of such corporation and to create a reserve and surplus
for future expenses and redemption of scrip.
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 932
What does Vermont Statutes Online § 932 cover?
Section 932 ("Indebtedness pledged to secure scrip All evidences of indebtedness pledged to secure scrip shall be delivered and held by the corporation issuing such scrip in trust to secure the redemption thereof in legal tender") 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 § 932?
A common citation format is "Vermont Statutes Online § 932" (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 § 932 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.