Vermont Statutes
Chapter 209 - Conservation, Liquidation, and Insolvency
§ 19308. Order

§ 19308. Order
When on hearing and after such reasonable notice as the Superior judge may direct, any order as to a lien upon assets of a closed Vermont financial institution or of subrogation to the rights of depositors in the institution made by the judge under the authority of sections 19304 through 19307 of this title, and provided no objections have been filed within 10 days after the making of the order, the order shall be binding and effective to the extent necessary to secure the repayment of monies advanced. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001; amended 2021, No. 105 (Adj. Sess.), § 311, eff. July 1, 2022.)

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