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
:
CREDIT UNION SERVICE ORGANIZATIONS (CUSO)
(Cite as: 8 V.S.A. § 32707)
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§ 32707. Bond
Each credit union service organization and each of its directors, officers, managers,
general partners, employees, and authorized agent of a CUSO who has charge or possession
of the funds, securities, or other assets of such CUSO shall be bonded by a surety
company authorized to do business in this State. Such bond shall be in favor of the
CUSO and in such amount as is approved by the governing body of the CUSO. The Commissioner
may require the amount of the bond to be increased. A copy of each bond and any renewal
thereof shall be promptly filed with the Commissioner. (Added 2005, No. 16, § 1, eff. July 1, 2005.)