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.
(Cite as: 8 V.S.A. § 20103)
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§ 20103. Retention of capital assets at holding company level
With the approval of the Commissioner, the plan of reorganization of a mutual or cooperative
financial institution may provide for the retention of capital assets at the mutual
holding company level, provided such retention will not cause the mutual holding company
subsidiary financial institution to fail to meet any applicable capital adequacy requirement
prescribed by state or federal laws or regulations. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)