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Current as of January 01, 2024 | Updated by Findlaw Staff
The Court shall issue a notice to the treasurer and executive officer of such Vermont financial institution to appear at a time and place named in the notice and show cause why a receiver should not be appointed. If sufficient cause is not shown, the Court shall appoint a receiver to take charge of the property and effects of the financial institution, who shall be subject to the Superior Court.
Cite this article: FindLaw.com - Vermont Statutes Title 8. Banking and Insurance, § 19302. Appointment of receiver; notice and hearing - last updated January 01, 2024 | https://codes.findlaw.com/vt/title-8-banking-and-insurance/vt-st-tit-8-sect-19302/
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