Terms Used In Vermont Statutes > Title 8 > Chapter 200 > Subchapter 5 - Bank Products; Prohibitions

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Attorney: means the attorney-in-fact of a reciprocal insurer. See
• Contract: A legal written agreement that becomes binding when signed.
• Domestic: when applied to a corporation, company, association, or copartnership shall mean organized under the laws of this State; "foreign" when so applied, shall mean organized under the laws of another state, government, or country. See
• following: when used by way of reference to a section of the law shall mean the next preceding or following section. See
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• Person: shall include any natural person, corporation, municipality, the State of Vermont or any department, agency, or subdivision of the State, and any partnership, unincorporated association, or other legal entity. See
• Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. ^{Source: OCC}
• Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
• State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See