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The Vermont Statutes Online
Title
08
:
Banking and Insurance
Chapter
222
:
POWERS
Subchapter
001
:
GENERAL POWERS
§
32101. Applicability of chapter
The provisions
of this chapter set forth the powers granted to all credit unions organized
pursuant to this part and offices of any state-chartered credit union
authorized to do business in Vermont under this title. The powers, privileges,
duties, and restrictions conferred and imposed in the articles of association
of any credit union organized under the prior laws of this State are abridged,
enlarged, or modified to conform the articles of association to this title. Notwithstanding
anything in the articles of association of such a credit union, every such
credit union possesses the powers, rights, and privileges and is subject to the
duties, restrictions, and liabilities conferred and imposed by this title.
(Added 2005, No. 16, § 1, eff. July 1, 2005.)