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Vermont Statutes Title 21. Labor, § 1388. Invalidity of acts

Current as of January 01, 2024 | Updated by Findlaw Staff

If the federal Social Security Act  1 or the Federal Unemployment Tax Act  2 shall be finally held and determined to be wholly invalid or shall be repealed, then this chapter shall become wholly inoperative and ineffective except only that thereafter the Commissioner shall continue in office for the purpose of:

(1) recovering any monies on deposit with the Secretary of the Treasury of the United States and the redistribution to contributors of all monies on hand in proportion to contributions received, said redistribution to be under the direction of a presiding judge of a Superior Court upon an action brought by the Commissioner against five or more employers; and

(2) doing any other act or thing necessary or proper to liquidate assets and discharge obligations of the office.

1 42 U.S.C.A. § 301 et seq.
2 See 26 U.S.C.A. § 3301 et seq.
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Cite this article: FindLaw.com - Vermont Statutes Title 21. Labor, § 1388. Invalidity of acts - last updated January 01, 2024 | https://codes.findlaw.com/vt/title-21-labor/vt-st-tit-21-sect-1388/

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