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.
Subchapter
004
:
INVESTMENTS AND LOANS
(Cite as: 8 V.S.A. § 3472)
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§ 3472. Earnings statements and income ratios—Special situations
In the application of the provisions and requirements of this subchapter to determine
whether a particular investment in any corporation, association, or institution is
qualified the following shall be applicable:
(1) When a corporation, association, or institution, whether or not it has been in existence
during the whole or whatever period may be required by the particular provision of
this chapter under which it is sought to be qualified as an investment, has been constituted
in the form that it has at the time of such investment by consolidation, acquirement
of merger, the adjusted pro forma consolidated earnings statement may be used to determine
the income ratios as provided by any such provisions.
(2) Similarly, for the purpose of determining such income ratios for holding corporations
or institutions with subsidiaries, the consolidated earnings statement of parent and
subsidiary institutions may be used. (Added 1967, No. 344 (Adj. Sess.), § 1 (ch. 1, subch. 5, art. 3, § 8).)