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Searching 2021-2022 Session

The Vermont Statutes Online

 

Title 8 : Banking and Insurance

Chapter 221 : ORGANIZATION AND MANAGEMENT OF CREDIT UNION

Subchapter 005 : Net Worth; Reserves; Dividends

(Cite as: 8 V.S.A. § 31505)
  • § 31505. Additional or special reserves

    If the Commissioner determines that any reserve account is inadequate for any reason, he or she may require the establishment of such additional or special reserves as he or she deems necessary for the protection of the members. (Added 2005, No. 16, § 1, eff. July 1, 2005.)