§ 923. Definitions
(a) “Scrip” as used in this chapter includes certificates having no fixed maturity, transferable by delivery, and payable to bearer in lawful currency when realized out of the assets pledged to secure such scrip. It does not include notes.
(b) “Scrip corporation” includes any person or corporation lawfully issuing scrip.
Structure Vermont Statutes
Title 11 - Corporations, Partnerships and Associations
Chapter 5 - Scrip Corporations
§ 922. Certificate of public good
§ 925. Consent of Commissioner required
§ 927. Limitation of amount of scrip issued
§ 928. Issuance; rights of holders; liquidations; actions
§ 930. Borrowing scrip by municipal corporations
§ 931. Use of scrip in payment of taxes or wages
§ 932. Indebtedness pledged to secure scrip
§ 933. Security and redemption funds
§ 934. Bank deposits left with bank
§ 935. Redemption; action against corporation limited
§ 936. Surplus monies belong to State