Vermont Statutes Title 14 Sec. 507
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Terms Used In Vermont Statutes Title 14 Sec. 507
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Trustee: A person or institution holding and administering property in trust.
§ 507. Personal obligation of trustee
Trust property is not subject to personal obligations of the trustee, even if the trustee becomes insolvent or bankrupt. (Added 2009, No. 20, § 1.)