The Vermont Statutes Online
The Vermont Statutes Online have been updated to include the actions of the 2023 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Title 8: Banking and Insurance
Chapter 203: Organization and Management of Mutual and Cooperative Financial Institutions
- Subchapter 001: Organization and Commencing Business
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§ 13101. Application to organize
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§ 13102. Issuance of certificate of general good; refusal to issue certificate of general good
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§ 13103. Requirements to commence business; minimum initial capital contribution deposits; examination; certificate of authority
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§ 13104. Submission to Secretary of State
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§ 13105. Payment of capital deposits
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§ 13106. Certificate to commence business
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§ 13107. Failure to commence business
- Subchapter 002: Organizational Finance
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§ 13201. Initial capital deposits; capital reserves
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§ 13202. Return of initial capital deposit
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§ 13203. Capital notes or debentures as capital reserve
- Subchapter 003: Corporators and Members
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§ 13301. Corporators of mutual financial institutions
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§ 13302. Members of a cooperative financial institution; qualifications and voting rights
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§ 13303. Powers and duties of corporators and members
- Subchapter 004: Governing Body
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§ 13401. Directors: number, election, qualifications, and term
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§ 13402. Meetings of the governing body
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§ 13403. Powers and duties of the governing body
- Subchapter 005: Officers and Employees
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§ 13501. Officers
- Subchapter 006: Voluntary Dissolution
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§ 13601. Voluntary dissolution; procedure; criteria