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
003
:
RECEIVERSHIP AND DISSOLUTION
(Cite as: 8 V.S.A. § 19311)
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§ 19311. Order to discontinue unauthorized practices
Whenever it appears to the Commissioner from the examination made by him or her, or
from any report made to him or her, that a Vermont financial institution has committed
a violation of its charter or of law, or is conducting its business and affairs in
an unsafe or unauthorized manner, or that it or any of its officers have failed to
comply with all the rules, restrictions, and conditions provided by law, including
the rules and requirements of the Commissioner made in conformity to law, the Commissioner
shall, by a written order delivered to the treasurer of such organization and the
offending officer or officers, direct such organization and such officer or officers
to discontinue such illegal, unsafe, or unauthorized practices or conduct, and to
proceed in strict conformity with the requirements of law. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)