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
:
GOVERNING BODY, OFFICERS, AND COMMITTEES
(Cite as: 8 V.S.A. § 31308)
-
§ 31308. Duties of officers, directors, and committee members
(a) All officers, directors, and members of any committees of a credit union subject to
the laws of this State under this title shall comply with the standards for such officers
and directors established under Title 11B. Members of committees of credit unions
shall comply with the same standards as directors.
(b) All officers, directors, and members of the supervisory or credit committees of a
credit union subject to the laws of this State under this title shall administer the
affairs of the credit union fairly and impartially and without discrimination in favor
of or against any particular member.
(c) All executive officers, directors, and committee members shall comply with the conflict
of interest standards established pursuant to section 31313 of this title. (Added 2005, No. 16, § 1, eff. July 1, 2005; amended 2011, No. 21, § 11.)