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. § 31108)
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§ 31108. Amendment to articles of incorporation
(a) The articles of incorporation, or comparable organization document as applicable to
the credit union, may be amended as provided in the bylaws. Notwithstanding the provisions
of the bylaws, however, written notice of the meeting and text of the proposed amendment
shall be given to each director at least seven days prior to the meeting and to each
member in accordance with section 31408 of this title.
(b) The credit union shall file with the Commissioner within 10 days after its adoption
one copy of any proposed amendment. The credit union shall not amend its articles
or comparable organizational document without the written approval of the Commissioner.
(c) Following the Commissioner’s approval of the amendment, the credit union shall submit
the amendment to the Secretary of State for filing as required by Title 11B. (Added 2005, No. 16, § 1, eff. July 1, 2005.)