Print
The Vermont Statutes Online
Title
08
:
Banking and Insurance
Chapter
220
:
SUPERVISION AND REGULATION
Subchapter
003
:
OFFICE HOURS AND EMERGENCIES
§
30303. Emergency closing by credit union
If an emergency
arises or is so imminent and immediate as to interfere with or threaten the
conduct of normal business transactions or the safety and welfare of a credit
union's plant, assets, or personnel, the credit union officer or official in
charge of any office open to the public may determine not to open the office so
threatened or close the same, if open. The credit union shall notify the
Commissioner of the emergency closing as soon as reasonably possible. (Added
2005, No. 16, § 1, eff. July 1, 2005.)