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Exhibit
5 and 23.2
October
30, 2020
Board
of Directors
Community
Bancorp.
4811
Route 5
Derby,
VT 05829
Re: Issuance
of Common Stock under Registration Statement on Form
S-3
We
refer to the Registration Statement on Form S-3 (the
“Registration
Statement”) filed by Community Bancorp., a Vermont
corporation (the “Company”), with the United States
Securities and Exchange Commission on or about the date hereof,
relating to the registration under the Securities Act of 1933, as
amended, of 300,000 shares of common stock of the Company, $2.50
par value per share (the “Shares”), which may be offered and
sold from time to time under the Company’s Dividend
Reinvestment Plan (the “Plan”).
We have
examined such documents and have reviewed such questions of law as
we have considered necessary and appropriate for the purposes of
our opinion set forth below. In rendering such opinion, we have
assumed the authenticity of all documents submitted to us as
originals, the genuineness of all signatures, the conformity to
authentic originals of all documents submitted to us as copies and
the legal capacity of all natural persons. As to questions of fact
material to our opinion, with your permission we have relied upon
certificates of officers of the Company and of public
officials.
Based
on the foregoing, we are of the opinion that, to the extent the
Shares offered and sold pursuant to the Plan constitute
newly-issued shares of the Company’s common stock, such
Shares have been duly authorized and, upon issuance, delivery and
payment therefor in accordance with the terms of the Plan, will be
validly issued, fully paid and nonassessable.
The
foregoing opinion is limited to the federal laws of the United
States and the laws of the State of Vermont. We express
no opinion as to the effect of the laws of any other
jurisdiction.
We
hereby consent to the reference to this firm in the prospectus
contained in the Registration Statement under the caption
“Legal Opinion” and to the use of this opinion as an
exhibit to the Registration Statement.
Very
truly yours,
/s/
Primmer Piper Eggleston & Cramer PC
Primmer
Piper Eggleston & Cramer PC