§14405. Powers and duties of officers

Link to law: http://legislature.vermont.gov/statutes/section/08/204/14405
Published: 2015

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Title

08

:
Banking and Insurance






Chapter

204

:
POWERS OF FINANCIAL INSTITUTIONS






Subchapter

004
:
TRUST POWERS










 

§

14405. Powers and duties of officers

In proceedings

in the Probate Division of the Superior Court or elsewhere, connected with

authority exercised as executor, administrator, receiver, assignee, trustee, or

guardian, all accounts, returns, and other papers may be signed and sworn to in

behalf of such a financial institution exercising trust powers by any officer

thereof duly authorized by it. The answers and examinations of that officer,

under oath, shall be received as the answers and examinations of the financial

institution. The Court may order and compel any and all officers of the

financial institution to answer and attend the examinations, in the same manner

as if they, personally, were parties to the proceeding or inquiry. Such a

financial institution shall not be required to receive or hold any property or

money or to execute any trust contrary to its own desire. (Added 1999, No. 153

(Adj. Sess.), § 2, eff. Jan. 1, 2001; amended 2009, No. 154 (Adj. Sess.), §

238a, eff. Feb. 1, 2011.)
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