Terms Used In Vermont Statutes Title 9 Sec. 2156

  • Oath: shall include affirmation where by law an affirmation may be substituted. See
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC

§ 2156. Assignee’s duties

The assignee shall proceed with reasonable dispatch in the discharge of his or her trust to the completion of the same. When completed, he or she shall file with the clerk of such superior court a copy of the settlement of his or her trust account showing in detail how he or she has administered the trust, which account shall be verified by the oath of the assignee as a true and just account and the same shall remain on file in such office for the inspection of the creditors of the assignor. (Amended 1973, No. 193 (Adj. Sess.), § 3, eff. April 9, 1974.)