§ 19305 - Duties and rights of receiver - Vermont Statutes

§ 19305. Duties and rights of receiver

The receiver shall collect, sue and receive the debts and demands due and the property that belong to the Vermont financial institution and shall convert into cash its real and personal estate and, upon the approval of the superior judge, may borrow money and pledge any part or all of the assets of such financial institution as security for such loan and shall make report to the court of the condition of the trust at such times as the superior judge orders. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)