Vermont Statutes
Chapter 209 - Conservation, Liquidation, and Insolvency
§ 19108. Appeal; receiver

§ 19108. Appeal; receiver
The propriety and necessity of the orders issued by the Commissioner under sections 19103 through 19107 of this title shall be open to review upon action brought in the usual form by an aggrieved party within 14 days to the Superior Court of Washington County. No injunction may be issued without prior notice to the Commissioner, and the court, on motion of the Commissioner, may appoint a temporary receiver of a financial institution involved in those proceedings. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001; amended 2017, No. 11, § 7.)

Structure Vermont Statutes

Vermont Statutes

Title 8 - Banking and Insurance

Chapter 209 - Conservation, Liquidation, and Insolvency

§ 19101. Applicability to Vermont financial institutions; independent trust companies; state financial institutions

§ 19102. Governor’s proclamation

§ 19103. Business restricted

§ 19104. Restrictions continued after holidays

§ 19105. Orders as to deposits and debts due financial institution

§ 19106. Withdrawals, rateable share of depositor’s interest

§ 19107. Publication of orders

§ 19108. Appeal; receiver

§ 19109. New commercial or savings deposits authorized; withdrawals

§ 19110. Costs and expenses

§ 19201. Appointment and bonding of conservators

§ 19202. Conservation of assets

§ 19203. Powers of conservator

§ 19204. Rights of interested parties

§ 19205. Fiduciary powers; appointment of new trustee for trust accounts

§ 19206. Expenses; salary

§ 19207. Withdrawals

§ 19208. Deposits

§ 19209. Termination of conservatorship

§ 19210. Notice to depositors of termination of conservatorship

§ 19301. Application for receiver; petition to divide losses

§ 19302. Appointment of receiver; notice and hearing

§ 19303. Bonding of receiver

§ 19304. Commissioner as receiver

§ 19305. Duties and rights of receiver

§ 19306. Federal deposit insurance corporation

§ 19307. Subrogation

§ 19308. Order

§ 19309. Limitation on time for proving claims

§ 19310. Submission of disallowed claims to Superior judge

§ 19311. Order to discontinue unauthorized practices

§ 19312. Failure to comply with Commissioner’s order

§ 19313. Authority of Court to enforce Commissioner’s order

§ 19314. Accounting and report of receiver

§ 19315. Appeal

§ 19401. Plan for reopening or establishment of new financial institution

§ 19402. Petitioning Court for hearing; notice; hearing; approval of plan

§ 19403. Depositor’s objection to plan; receivership continued

§ 19404. Deposits of public money

§ 19405. Deposits not paid or received; business continued

§ 19406. Orders under which financial institution may continue business

§ 19407. Expenses; deposits received after petition filed

§ 19408. Petition denied; receiver to wind up affairs

§ 19501. Petition; powers; procedure