§ 19201 - Appointment and bonding of conservators
§ 19201. Appointment and bonding of conservators
Whenever the commissioner deems it necessary in order to conserve the assets of a Vermont financial institution for the benefit of the depositors and other creditors thereof, the commissioner may appoint a conservator for the financial institution and require of the conservator such bond and security as the commissioner deems proper. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)