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Vermont Statutes Title 14 Sec. 1201

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§ 1201. Uniformity of application and construction

In applying and construing this title, consideration must be given to the need to promote uniformity of the law with respect to its subject matter among states that enact it. (Added 2009, No. 20, § 1.)

Vermont Statutes Title 14 Sec. 1201

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Terms Used In Vermont Statutes Title 14 Sec. 1201

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Decedent: A deceased person.
  • Executor: A male person named in a will to carry out the decedent
  • Executor: includes administrator with the will annexed. See
  • Probate: Proving a will

§ 1201. Notice to creditors

(a) The Probate Division of the Superior Court may issue an order excusing the executor or administrator from complying with the notice to creditors provisions of the Rules of Probate Procedure when it appears to the court that:

(1) there are no debts existing against the decedent; or

(2) that the debts against the decedent are all known to the executor or administrator and there are funds to pay them; or

(3) the value of the estate does not exceed the sum of $2,500.00 and is assigned for the support of the surviving spouse.

(b) If notice is not given because an order is entered as provided in subsection (a) of this section, any assets distributed by the administrator or executor will be subject to any claims later established, and sections 1202 and 1203 of this title shall apply, but the executors or administrators will not be liable to distributees for losses to them when required to reimburse creditors. (Added 1975, No. 240 (Adj. Sess.), § 7; amended 1985, No. 144 (Adj. Sess.), § 58; 2009, No. 154 (Adj. Sess.), § 238a, eff. Feb. 1, 2011.)