The Vermont Statutes Online
Banking and Insurance
ORGANIZATION AND MANAGEMENT OF CREDIT UNION
CORPORATE CREDIT UNIONS
in the corporate credit union may consist of Vermont-chartered credit unions,
any other state-chartered credit union, any federally chartered credit union,
organizations or associations of credit unions, and such other organizations
provided for in the articles of incorporation.
(b) A member of
the corporate credit union shall designate one person to be its authorized
representative to attend meetings of the corporate credit union and to vote on
behalf of the member. A credit union member of the corporate credit union may
only designate a member of its own credit union as its authorized
representative. No person may serve as the authorized representative of more
than one member of the corporate credit union. (Added 2005, No. 16, § 1, eff.
July 1, 2005.)