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87 chapters · 1,498 sections in this title.
08 V.S.A. ch. 077, § 2401 Definitions
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§ 2401. Definitions As used in this chapter: (1) “Act as fiduciary” or “acting as a fiduciary” means to: (A) accept or execute trusts, including to: (i) act as trustee under a written agreement; (ii) receive money or other property in its capacity as trustee for investment in rea…
08 V.S.A. ch. 077, § 2402 Authority to organize; powers; limitations; prohibitions; exemptions
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§ 2402. Authority to organize; powers; limitations; prohibitions; exemptions (a) A company organized in this State may form an independent trust company in accordance with the provisions of this chapter. A company shall obtain a certificate of authority from the Commissioner befo…
08 V.S.A. ch. 077, § 2403 Formation
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§ 2403. Formation (a) One or more persons may form an independent trust company in accordance with the provisions of this chapter. (b) The organizers forming an independent trust company shall apply to the Commissioner for a certificate of authority on prescribed forms containing…
08 V.S.A. ch. 077, § 2404 Name; multiple locations
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§ 2404. Name; multiple locations (a) An independent trust company shall file any name proposed to be used in connection with a trust business or establishing a principal office or trust office in this State pursuant to this chapter. The Commissioner shall not approve a proposed n…