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
:
GENERAL POWERS
(Cite as: 8 V.S.A. § 14101)
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§ 14101. Applicability of chapter
The provisions of this chapter set forth the powers granted to all financial institutions
organized pursuant to chapters 202 and 203 of this title and branches of any state
or foreign financial institution authorized under section 15202 or 15203 of this title. The powers, privileges, duties, and restrictions conferred and imposed in the organizational
documents or act of incorporation of any commercial bank, savings bank, savings and
loan association, bank and trust company, or trust subsidiaries organized under the
prior laws of this State are abridged, enlarged, or modified so that each such charter
or act of incorporation conforms to this title. Notwithstanding anything in a charter
or act of incorporation of such an institution, every such institution possesses the
powers, rights, and privileges and is subject to the duties, restrictions, and liabilities
conferred and imposed by this title. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)