§ 20103.
83 words·~1 min read·
/vt/title-8/chapter-210/20103A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 20103. Retention of capital assets at holding company level
With the approval of the Commissioner, the plan of reorganization of a mutual or cooperative financial institution may provide for the retention of capital assets at the mutual holding company level, provided such retention will not cause the mutual holding company subsidiary financial institution to fail to meet any applicable capital adequacy requirement prescribed by state or federal laws or regulations. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)