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Searching 2023-2024 Session

The Vermont Statutes Online


Title 8 : Banking and Insurance

Chapter 222 : POWERS

Subchapter 002 : DEPOSITS IN GENERAL

(Cite as: 8 V.S.A. § 32210)
  • § 32210. Lien; setoff

    The credit union shall have a lien on the shares, share certificates, deposits, deposit certificates, and accumulated dividends or interest of a member in an individual or joint account for any sum past due the credit union from said member or for any loan endorsed by such member. The credit union shall also have a right of immediate setoff with respect to every such account. (Added 2005, No. 16, § 1, eff. July 1, 2005.)