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. § 13105)
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§ 13105. Payment of capital deposits
(a) A financial institution organized under this chapter shall not commence business until
the minimum capital deposits required in its permission to organize have been deposited
to the credit of the financial institution in a depository designated by the governing
body.
(b) At such time as the institution has received to its credit the minimum capital deposits
required in section 13103 of this title, a complete list of the capital depositors, with the name, address, occupation, and
the amount of capital deposited by each, shall be filed with the Commissioner, which
list shall be verified by an officer and the secretary of the institution. Such deposits
shall be handled by the institution in accordance with subchapter 2 of this chapter. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)