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The Vermont Statutes Online



Title

08

:
Banking and Insurance






Chapter

209

:
CONSERVATION, LIQUIDATION, AND INSOLVENCY






Subchapter

003
:
RECEIVERSHIP AND DISSOLUTION










 

§

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 therein shall have been made by such

Superior judge under the authority of sections 19304 through 19307 of this

title, and no objections thereto shall have been filed within ten days after

the making of the order, the same order shall be binding and effective to the

extent necessary to secure the repayment of moneys which shall have been

advanced thereon. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)