State Codes and Statutes
Statutes > Vermont > Title-14 > Chapter-49 > 683
§ 683. Escheat, proceeds from sale
If sufficient cause is not shown to the contrary, at the time appointed for that purpose, the court shall order and decree that the estate of the deceased in the state, after the payment of just debts and charges, shall escheat. Such court shall assign the personal estate to the town where such deceased was last an inhabitant in the state and the real estate to the towns in which the same is situated. If he were never an inhabitant of the state, the whole estate shall be assigned to the towns where the same is located. Such estate shall be for the use of schools in the towns respectively and shall be managed and disposed of like other property appropriated to the use of the town school districts. Any property decreed to a town by virtue of this chapter or subsequently conveyed to an incorporated school district within such town for the use of its schools may be sold without restriction, provided the proceeds shall be expended for the use of the schools of the town.
