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The Vermont Statutes Online



Title

11

:
Corporations, Partnerships and Associations






Chapter

005

:
SCRIP CORPORATIONS











 

§

924. Examination; bonds

A corporation

formed under the provisions of this chapter shall be subject to examination by

the Commissioner of Financial Regulation, hereinafter called the Commissioner,

in the manner provided by 8 V.S.A. § 503. The Commissioner shall issue and from

time to time alter and revoke rules and regulations governing the conduct of

the business of such corporation. He or she may require the officers thereof to

furnish bonds and may fix the amount thereof. (Amended 1989, No. 225 (Adj.

Sess.), § 25(b); 1995, No. 180 (Adj. Sess.), § 38(a); 2011, No. 78 (Adj.

Sess.), § 2, eff. April 2, 2012.)