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
001
:
ORGANIZATION AND COMMENCING BUSINESS
(Cite as: 8 V.S.A. § 13102)
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§ 13102. Issuance of certificate of general good; refusal to issue certificate of general good
(a) Certificate of general good. The Commissioner shall determine whether or not a certificate of general good shall
be granted to organize a financial institution and shall make the decision in accordance
with the requirements of chapter 201, subchapter 7 of this title.
(b) Conditions. A grant of a certificate of general good may include such terms and conditions as
the Commissioner determines necessary. These may include conditions regarding the
organizational form of the financial institution under this chapter.
(c) Effect of refusal to issue certificate of general good. If the Commissioner refuses to issue a certificate of general good, a new application
may be filed by the organizers after one year from the date of the refusal. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)