There Is a Newer Version
of
the Vermont Statutes
2011 Vermont Code
Title 14 Decedents' Estates and Fiduciary Relations
Chapter 63 INVENTORY, APPRAISAL, AND ACCOUNTS
§ 1058 Not to gain or lose by increase or decrease in value
Universal Citation:
14 VT Stats § 1058. (2011 through Adj Sess)
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§ 1058. Not to gain or lose by increase or decrease in value
An executor or administrator shall not profit by the increase, nor suffer loss by the decrease or destruction, without his fault, of any part of the personal estate. He shall account for the excess when he sells any of the personal estate for more than the appraisal. If he sells any for less than the appraisal, he shall not be responsible for the loss, if it appears to be beneficial to the estate to sell it.
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