27 V.S.A. § 741
This is the official text of 27 V.S.A. § 741, part of Vermont’s V.S.A — part of the compiled statutory law of Vermont, published by the state as "V.S.A." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 741. Insurance required
Official statutory text
When funds of a charitable or eleemosynary institution are invested in a mortgage on real estate, the buildings included shall be insured by the mortgagor in such company duly authorized to transact business in this state as the trustees, directors, or board of investment of such institution may designate; and the policies of insurance shall be duly assigned, or the loss made payable to such institutions. The trustees, directors, or board of investment may procure or renew such policy of insurance in such company authorized to do business in this state, as they may elect, from year to year, or for a longer or shorter period, if the mortgagor neglects so to do, and, when necessary, the treasurer of such institution may sign premium notes, and may charge the amount paid for such insurance to the mortgagor.
Status: in_force · Read it on the official government site
Need a lawyer in Vermont?
Find a Vermont lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.