Vermont § 4147 Fiduciaries may secure surety from loss

Vermont Statutes

§ 4147 — Fiduciaries may secure surety from loss

Vermont § 4147

Title 8Title 8: Banking and Insurance

Ch. 111Chapter 111: Fidelity, Surety, and Annuity Companies

This text of Vermont § 4147 (Fiduciaries may secure surety from loss) is published on Counsel Stack Legal Research, covering Vermont primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Vt. Stat. Ann. tit. 8, § 4147 (2026).

Text

A person, partnership, association, or corporation holding property for the benefit of another, except when acting under wills allowed or trusts created before November 27, 1894, may make such covenants with the sureties upon his or her official bond as will enable such fiduciary to secure such sureties from loss in any manner provided by section 4145 of this title. However, if such fiduciary was appointed by the decree of any court within this State, the approval of such court shall first be obtained to such covenant.

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A person, partnership, association, or corporation holding property for the benefit of another, except when acting under wills allowed or trusts created before November 27, 1894, may make such covenants with the sureties upon his or her official bond as will enable such fiduciary to secure such sureties from loss in any manner provided by section 4145 of this title. However, if such fiduciary was appointed by the decree of any court within this State, the approval of such court shall first be obtained to such covenant.