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
007
:
ENFORCEMENT
(Cite as: 8 V.S.A. § 30703)
-
§ 30703. Criminal penalties
(a) It shall be a criminal offense, punishable by a fine of not more than $1,000.00 or
imprisonment of not more than one year, or both, for any person to violate any existing
order of the Commissioner or, after receipt of a removal order or an order assessing
a penalty, to perform any duty or exercise any power of or on behalf of any credit
union until the penalty has been satisfied, or otherwise satisfactorily resolved between
the parties, or the removal or penalty order is vacated by the Commissioner or by
a court of competent jurisdiction.
(b) It shall be a criminal offense, punishable by a fine of not more than $10,000.00 or
imprisonment of not more than one year, or both, for any person to violate willfully
any existing order of the Commissioner or, after receipt of a removal order or an
order assessing a penalty, to perform willfully any duty or exercise any power of
or on behalf of any credit union until the penalty has been satisfied, or otherwise
satisfactorily resolved between the parties, or the removal or penalty order is vacated
by the Commissioner or by a court of competent jurisdiction.
(c) An executive officer, director, or an appointed or elected member of a credit union
committee subject to the laws of this State under this title who willfully misapplies
any of the monies, funds, or credits of such credit union or any of the monies, funds,
assets, or securities entrusted to the care of such credit union, or to the care or
custody of such executive officer, director, or member, shall be fined not more than
$100,000.00 or imprisoned not more than five years, or both. (Added 2005, No. 16, § 1, eff. July 1, 2005.)