Vermont § 1063 Accountable for losses by neglect

Vermont Statutes

§ 1063 — Accountable for losses by neglect

Vermont § 1063

Title 14Title 14: Decedents' Estates and Fiduciary Relations

Ch. 63Chapter 063: Inventory, Appraisal, and Accounts

This text of Vermont § 1063 (Accountable for losses by neglect) 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. 14, § 1063 (2026).

Text

When an executor or administrator neglects or unreasonably delays to raise money by collecting the debts or selling the real or personal estate of the deceased, or neglects to pay over the money the fiduciary has in his or her hands, and the value of the estate is thereby lessened, or unnecessary cost or interest accrues, or the persons interested suffer loss, the same shall be deemed waste, and the damages sustained may be charged and allowed against the fiduciary in the fiduciary’s account or the fiduciary shall be liable for the damages on the fiduciary’s bond. (Amended 2017, No. 195 (Adj. Sess.), § 6.)

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When an executor or administrator neglects or unreasonably delays to raise money by collecting the debts or selling the real or personal estate of the deceased, or neglects to pay over the money the fiduciary has in his or her hands, and the value of the estate is thereby lessened, or unnecessary cost or interest accrues, or the persons interested suffer loss, the same shall be deemed waste, and the damages sustained may be charged and allowed against the fiduciary in the fiduciary’s account or the fiduciary shall be liable for the damages on the fiduciary’s bond. (Amended 2017, No. 195 (Adj. Sess.), § 6.)