The Vermont Statutes Online
The Statutes below include the actions of the 2025 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.
(Cite as: 8 V.S.A. § 2404)
-
§ 2404. Name; multiple locations
(a) An independent trust company shall file any name proposed to be used in connection
with a trust business or establishing a principal office or trust office in this State
pursuant to this chapter. The Commissioner shall not approve a proposed name if the
Commissioner determines that the name may be misleading or likely to confuse the public,
or deceptively similar to any name in use in this State.
(b) An independent trust company organized or regulated under this chapter may petition
the Commissioner for permission to establish and maintain new or additional offices
for the transaction of its trust business.
(c) An independent trust company shall not operate any new or additional office unless
the Commissioner has determined that the establishment of the office will promote
the general good of the State, applying the standards and procedures contained in
subsection 2403(c) of this title, as applicable. If the Commissioner determines that the establishment will promote
the general good, the Commissioner shall approve the new or additional office. (Added 1997, No. 98 (Adj. Sess.), § 8b.)