Payments to Nonresidents' Estates

V.S.A. tit. 8, ch. 101, subch. 11

in effect

8 V.S.A. § 3641 Claims, rights, title, and interests of nonresidents

3641. Claims, rights, title, and interests of nonresidents When by the terms of any policy of insurance, annuity contract, or contract supplemental to any policy of insurance or annuity contract, issued by an insurance company organized under the laws of this State, any claim, right, title, or interest therein is vested in a person residing in another state or country, or in the estate of such nonresident person, such claim may be paid to, and such right, title, or interest may be transferred or released by, the administrator, executor, or guardian of such nonresident person or estate appointed in the State or country where the person resides or resided at the time of death, provided no administrator, executor, or guardian of such nonresident person or estate has been appointed in this State at the time of such payment, transfer, or claim. Added 1967, No. 344 (Adj. Sess.), § 1 (ch. 1, subch. 12, § 1).

8 V.S.A. § 3642 Liability for payments to nonresidents

3642. Liability for payments to nonresidents An action shall not be maintained against any such insurance company upon any right of action arising out of an insurance policy, annuity contract, or contract supplemental to any insurance policy or annuity contract, issued by such company, vested in a person residing in another state or country, or in the estate of such nonresident person, if prior to actual notice of the appointment in this State of an administrator, executor, or guardian of the estate or person of such nonresident, such right of action has been discharged or released by the executor, administrator, or guardian of such nonresident person or estate appointed in the state of his or her residence, or by a transferee of such policy, annuity contract, contract supplemental to any policy of insurance, or annuity contract or right of action thereon. Added 1967, No. 344 (Adj. Sess.), § 1 (ch. 1, subch. 12, § 2).

Source: Vermont General Assembly (legislature.vermont.gov)URL: https://legislature.vermont.gov/statutes/chapter/08/101Fetched: 10/21/2026