The Vermont Statutes Online

Title 8: Banking and Insurance

Chapter 203: Organization and Management of Mutual and Cooperative Financial Institutions

• Subchapter 001: ORGANIZATION AND COMMENCING BUSINESS
•    § 13101. Application to organize

•    § 13102. Issuance of certificate of general good; refusal to issue certificate of general good

•    § 13103. Requirements to commence business; minimum initial capital contribution deposits; examination; certificate of authority

•    § 13104. Submission to Secretary of State

•    § 13105. Payment of capital deposits

•    § 13106. Certificate to commence business

•    § 13107. Failure to commence business

• Subchapter 002: ORGANIZATIONAL FINANCE
•    § 13201. Initial capital deposits; capital reserves

•    § 13202. Return of initial capital deposit

•    § 13203. Capital notes or debentures as capital reserve

• Subchapter 003: CORPORATORS AND MEMBERS
•    § 13301. Corporators of mutual financial institutions

•    § 13302. Members of a cooperative financial institution; qualifications and voting rights

•    § 13303. Powers and duties of corporators and members

• Subchapter 004: GOVERNING BODY
•    § 13401. Directors: number, election, qualifications, and term

•    § 13402. Meetings of the governing body

•    § 13403. Powers and duties of the governing body

• Subchapter 005: OFFICERS AND EMPLOYEES
•    § 13501. Officers

• Subchapter 006: VOLUNTARY DISSOLUTION
•    § 13601. Voluntary dissolution; procedure; criteria

Full Text of Chapter