2011 Vermont Code
Title 08 Banking and Insurance
Chapter 209 CONSERVATION, LIQUIDATION AND INSOLVENCY
§ 19302 Appointment of receiver; notice and hearing
§ 19302. Appointment of receiver; notice and hearing
The court shall thereupon issue a notice to the treasurer and executive officer of such Vermont financial institution to appear at a time and place therein named 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. (Added 1999, No. 153 (Adj. Sess.), { 2, eff. Jan. 1, 2001.)
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