2011 Vermont Code
Title 08 Banking and Insurance
Chapter 209 CONSERVATION, LIQUIDATION AND INSOLVENCY
§ 19405 Deposits not paid or received; business continued
§ 19405. Deposits not paid or received; business continued
When a proceeding has been brought under section 19401 of this title, a deposit shall not be paid or received by that financial institution after the filing of the petition until the final decree of the superior judge or, unless the commissioner, in his or her discretion, and under such orders as the commissioner may prescribe and from time to time alter and amend, permits the financial institution to continue in business pending final decree. (Added 1999, No. 153 (Adj. Sess.), { 2, eff. Jan. 1, 2001.)
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