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2011 Vermont Code
Title 08 Banking and Insurance
Chapter 165 INTERSTATE INSURANCE PRODUCT REGULATION COMPACT
§ 8514 Dissolution of compact

Universal Citation:
8 VT Stats § 8514. (2011 through Adj Sess)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

§ 8514. Dissolution of compact

(a) The compact dissolves effective upon the date of the withdrawal or default of the compacting state which reduces membership in the compact to one compacting state.

(b) Upon the dissolution of this compact, the compact becomes null and void and shall be of no further force or effect, and the business and affairs of the commission shall be wound up and any surplus funds shall be distributed in accordance with the bylaws. (Added 2005, No. 70, { 2.)

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