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The Vermont Statutes Online



Title

08

:
Banking and Insurance






Chapter

202

:
ORGANIZATION AND MANAGEMENT OF INVESTOR-OWNED FINANCIAL INSTITUTIONS






Subchapter

001
:
ORGANIZATION AND COMMENCING BUSINESS










 

§

12105. Continuance of organization

The

organizational documents shall provide for continuance of a financial

institution despite the death, dissolution, departure, or incapacity of any

investor. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)