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The Vermont Statutes Online
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.)