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§ 19202 — Vermont Law | CourtGPT
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  5. Chapter 209 - Conservation, Liquidation, and Insolvency§ 19101. Applicability to Vermont Financial Institutions; Independent Trust Companies; State Financial Institutions/
  6. § 19202
Vermont Legal Code

§ 19202

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Conservation of assets Under the direction of the Commissioner, the conservator shall take possession of the books, records, and assets of every description of the Vermont financial institution and take such action as may be necessary to conserve the assets thereof pending further disposition of its business as provided by law. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)