Vermont Statutes Title 24 Sec. 4707
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Terms Used In Vermont Statutes Title 24 Sec. 4707
- Bank: means the Vermont Bond Bank established by section 4571 of this title. See
- Bonds: means bonds of the Bank issued under this chapter. See
- Issue: when used in reference to bonds or notes, means the physical delivery thereof or the effectuation thereof in book entry form, in each case against payment therefor. See
- Lien: A claim against real or personal property in satisfaction of a debt.
- Notes: means any notes of the Bank issued under this chapter. See
- Revenues: means all fees, charges, monies, profits, payments of principal of or interest on municipal bonds and revenue bonds and other investments, gifts, grants, contributions, appropriations, and all other income derived or to be derived by the Bank under this chapter. See
§ 4707. Exemption from execution and sale
All property of the Bank is exempt from levy and sale by virtue of an execution and no execution or other judicial process may issue against it nor may any judgment against the Bank be a charge or lien upon its property, but nothing herein contained shall apply to or limit the rights of the holder of any bonds or notes to pursue any remedy for the enforcement of any pledge or lien given by the Bank on its revenues or other monies. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970.)