2011 Vermont Code
Title 08 Banking and Insurance
Chapter 209 CONSERVATION, LIQUIDATION AND INSOLVENCY
§ 19207 Withdrawals
§ 19207. Withdrawals
While the financial institution is in the hands of the conservator appointed by the commissioner, the commissioner may require the conservator to set aside and make available for withdrawal by depositors and payment to other creditors, on a rateable basis, such amounts as in the opinion of the commissioner may safely be used for this purpose. The conservator may borrow money on the assets of the financial institution to provide funds therefor. (Added 1999, No. 153 (Adj. Sess.), { 2, eff. Jan. 1, 2001.)
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