§ 925. Consent of Commissioner required
A person or corporation shall not issue scrip or notes or certificates having no fixed maturity payable to bearer in currency or other scrip without the consent of the Commissioner. But nothing herein shall prevent the issuance and use of bills of exchange, notes, or checks, or town orders for the usual and customary purposes thereof.
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