The Vermont Statutes Online
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
NOTE: The online version of the Vermont Statutes does NOT yet include the actions of the 2023 legislative session. The 2023 updates should be available by the end of October.
Title 8 : Banking and Insurance
Chapter 223 : Offices, Out-of-State Offices, and Offices of State Credit Unions
(Cite as: 8 V.S.A. § 33101)-
§ 33101. Relocation of main office
(a) With the approval of the Commissioner, a Vermont credit union may relocate its main office anywhere within the State to serve effectively its members.
(b) The Commissioner, before granting an approval under subsection (a) of this section, shall consider:
(1) the field of membership to be served by the proposed relocation of the main office;
(2) the adequacy of the current main office;
(3) the economic need for and cost of the proposed relocation; and
(4) the convenience and necessity to the field of membership of the proposed relocation. (Added 2005, No. 16, § 1, eff. July 1, 2005.)
