# 8 V.S.A. § 3305: Petition; hearing

> Vermont · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3305

## Section

- **Citation:** 8 V.S.A. § 3305
- **Heading:** Petition; hearing
- **Jurisdiction:** Vermont
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** VT Code / Title 8 / Chapter 101 / Section 3305

## Text

Before the articles of association are transmitted to the Secretary of State, the incorporators shall petition the Commissioner to hold a public hearing, in the county where the proposed corporation is to have its principal office, to determine whether the establishment and maintenance of the proposed corporation will promote the general good of the State. The Commissioner shall thereupon appoint a time and place in such county for hearing the petition and shall make an order for the publication of the substance of the petition and of the time and place of the hearing three weeks successively in a newspaper published in the county, or, for want thereof, in an adjoining county, the last publication to be at least 12 days before the day appointed for the hearing. If, after the hearing, the Commissioner finds and adjudges that the establishment and maintenance of the proposed corporation will promote the general good of the State, he or she shall give the incorporators a certificate to that effect under his or her seal. In determining the general good of the State as herein required, the Commissioner shall consider:

(1) The character, reputation, financial standing, and purposes of the organizers, incorporators, and subscribers organizing the proposed insurer or organization.

(2) The character, reputation, financial responsibility, insurance experience, and business qualifications of its proposed officers and directors.

(3) Such other aspects of the proposed insurer or financing as he or she may deem advisable.

## Nearby sections

- [8 V.S.A. § 3301 § 3301. Purposes](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3301.md)
- [8 V.S.A. § 3301a § 3301a. Insurance defined](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3301a.md)
- [8 V.S.A. § 3302 § 3302. Plan of organization; incorporators](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3302.md)
- [8 V.S.A. § 3303 § 3303. Mutual companies; directors, charter provisions as to](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3303.md)
- [8 V.S.A. § 3304 § 3304. Capital and surplus requirements](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3304.md)
- [8 V.S.A. § 3305 § 3305. Petition; hearing](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3305.md)
- [8 V.S.A. § 3306 § 3306. Duties of Secretary of State, records](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3306.md)
- [8 V.S.A. § 3307 § 3307. Consideration for stock](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3307.md)
- [8 V.S.A. § 3308 § 3308. List of stockholders; certificate to transact business; liability of president and directors](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3308.md)
- [8 V.S.A. § 3308a § 3308a. Reorganization formations](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3308a.md)
- [8 V.S.A. § 3309 § 3309. Mutual insurers to commence business; when](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3309.md)
- [8 V.S.A. § 3310 § 3310. Amendment of charter](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3310.md)
- [8 V.S.A. § 3311 § 3311. Quorum](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3311.md)
- [8 V.S.A. § 3312 § 3312. Construction with other laws](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3312.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C101_S3305. Check the current official text before relying on it. Not legal advice.