§ 4147. Fiduciaries may secure surety from loss
A person, partnership, association or corporation holding property for the benefit of another, except when acting under wills allowed or trusts created before November 27, 1894, may make such covenants with the sureties upon his or her official bond as will enable such fiduciary to secure such sureties from loss in any manner provided by section 4145 of this title. However, if such fiduciary was appointed by the decree of any court within this State, the approval of such court shall first be obtained to such covenant.
Structure Vermont Statutes
Title 8 - Banking and Insurance
Chapter 111 - Fidelity, Surety, and Annuity Companies
§ 4141. Capital of foreign fidelity and surety companies
§ 4143. Law governing foreign fidelity, surety, and annuity companies
§ 4144a. Powers of fidelity companies; other entities; authority to meet bail and bond requirements
§ 4145. Fidelity companies may act as sole surety
§ 4147. Fiduciaries may secure surety from loss