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.
(Cite as: 8 V.S.A. § 33104)
-
§ 33104. Supervisory agreements; costs of examinations
(a) In implementing this chapter, the Commissioner may cooperate with credit union regulators
in other states or jurisdictions and may share with the regulators the information
received by the Commissioner to the extent necessary to supervise and regulate the
credit union.
(b) The Commissioner may enter into supervisory agreements with a state credit union and
its regulators to prescribe the applicable laws governing the powers and authorities
of Vermont offices of the state credit union.
(c) The agreements may address, but are not limited to, corporate governance and operational
matters. The agreements may resolve any conflict of laws and specify the manner in
which the examination, supervision, and application processes must be coordinated
with the regulators.
(d) The Commissioner may adopt rules for the periodic examination and investigation of
the affairs of a state credit union operating in this State. The costs of examination
and supervision must be fully borne by the state credit union. (Added 2005, No. 16, § 1, eff. July 1, 2005.)