The Vermont Statutes Online
The Statutes below include the actions of the 2024 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 204: Powers of Financial Institutions
- Subchapter 001: GENERAL POWERS
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§ 14101. Applicability of chapter
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§ 14102. General organizational powers
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§ 14103. Advertising; doing business or using name unlawfully
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§ 14104. Capital or surplus requirements
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§ 14105. Participation in public agencies
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§ 14106. Expanded powers of Vermont financial institutions
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§ 14107. Investments
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§ 14108. Prohibited mergers and acquisitions
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§ 14109. Prohibited management interlocks
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§ 14110. Duties of executive officers, directors, and persons who control principal equity interests in financial institutions; officers may not receive fees
- Subchapter 002: DEPOSITS IN GENERAL
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§ 14201. Deposit powers
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§ 14202. Payment of deposits to administrators from another state or country
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§ 14203. Trust deposits; payment on death of trustee
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§ 14204. Joint deposits
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§ 14205. Payable on death accounts
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§ 14206. Deposits of minors; exemption from trustee process
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§ 14207. Provisions when title to deposit is litigated
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§ 14208. Security for deposits
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§ 14209. Examination of accounts
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§ 14210. Real estate trust and escrow
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§ 14211. Claims not clearly consistent
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§ 14212. Joint fiduciary accounts
- Subchapter 003: LOANS
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§ 14301. Loan authority
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§ 14302. Real estate loans
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§ 14303. Bank credit cards
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§ 14304. Card holder represented by legal counsel
- Subchapter 004: TRUST POWERS
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§ 14401. Types of trust functions
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§ 14402. National financial institutions; state financial institutions
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§ 14403. Approval of Commissioner
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§ 14404. Security
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§ 14405. Powers and duties of officers
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§ 14406. Segregation of trust funds; exception
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§ 14407. Collective investment funds
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§ 14408. Registration and sale of securities
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§ 14409. Disposition of securities upon court order; liability for acts of nominee
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§ 14410. Fiduciary investments
- Subchapter 005: SAFE DEPOSIT BOXES
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§ 14501. Failure to pay rent; removal of contents