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2005 Vermont Code - § 923. — Definitions

§ 923. Definitions

(a) "Scrip" as used in this chapter includes certificates having no fixed maturity, transferable by delivery and payable to bearer in lawful currency when realized out of the assets pledged to secure such scrip. It does not include notes.

(b) "Scrip corporation" includes any person or corporation lawfully issuing scrip.

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