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The Vermont Statutes Online



Title

08

:
Banking and Insurance






Chapter

222

:
POWERS






Subchapter

002
:
DEPOSITS IN GENERAL










 

§

32204. Joint deposits

(a) The

provisions of section 14204 of this title governing joint deposits shall apply

to credit unions in the same manner as they apply to financial institutions as

defined in subdivision 11101(32) of this title.

(b) A single joint

share account may hold more than one membership share, supporting membership

for more than one member of the credit union. If more than one joint owner

seeks credit union membership through the joint account, the joint account must

contain a membership share for each member. (Added 2005, No. 16, § 1, eff. July

1, 2005.)