# 8 V.S.A. § 7119: Assuming company; Board; principal place of business; registered agent

> Vermont · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C147_S7119

## Section

- **Citation:** 8 V.S.A. § 7119
- **Heading:** Assuming company; Board; principal place of business; registered agent
- **Jurisdiction:** Vermont
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** VT Code / Title 8 / Chapter 147 / Section 7119

## Text

No assuming company shall be a party to a legacy insurance transfer under this chapter unless:

(1) its board of directors or committee of managers holds at least one meeting each year in this State;

(2) it maintains its principal place of business in this State; and

(3) it appoints a registered agent to accept service of process and to otherwise act on its behalf in this State, provided that whenever such registered agent cannot with reasonable diligence be found at the registered office of the assuming company, the Secretary of State shall be an agent of such assuming company upon whom any process, notice, or demand may be served.

## Nearby sections

- [8 V.S.A. § 7111 § 7111. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C147_S7111.md)
- [8 V.S.A. § 7112 § 7112. Application; fee; plan](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C147_S7112.md)
- [8 V.S.A. § 7113 § 7113. Plan review](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C147_S7113.md)
- [8 V.S.A. § 7114 § 7114. Order](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C147_S7114.md)
- [8 V.S.A. § 7115 § 7115. Jurisdiction; appeals](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C147_S7115.md)
- [8 V.S.A. § 7116 § 7116. Fee; costs; transfer tax](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C147_S7116.md)
- [8 V.S.A. § 7117 § 7117. Examinations](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C147_S7117.md)
- [8 V.S.A. § 7118 § 7118. Applicable laws](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C147_S7118.md)
- [8 V.S.A. § 7119 § 7119. Assuming company; Board; principal place of business; registered agent](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C147_S7119.md)
- [8 V.S.A. § 7120 § 7120. Posting of plans on website](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C147_S7120.md)
- [8 V.S.A. § 7121 § 7121. Regulation of assuming companies and service providers](https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C147_S7121.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_VT_T8_C147_S7119. Check the current official text before relying on it. Not legal advice.