Vermont Statutes
§ 4849 — Subscribers’ liability on judgment
(a)No action shall lie against any subscriber upon any obligation claimed against the insurer until a final judgment has been obtained against the insurer and remains unsatisfied for 30 days.
(b)Any such judgment shall be binding upon each subscriber only in such proportion as his or her interests may appear and in amount not exceeding his or her contingent liability, if any.
Free access — add to your briefcase to read the full text and ask questions with AI
Vermont § 4849 (Subscribers’ liability on judgment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Added 1971, No. 31, § 1, eff. March 31, 1971.)
Nearby Sections
15
§ 4831
Definitions§ 4834
Name; suits§ 4835
Attorney§ 4837
Certificate of authority§ 4838
Power of attorney§ 4839
Modifications§ 4840
Attorney’s bond§ 4841
Deposit in lieu of bond§ 4842
Action on bond§ 4844
Contributions to insurer