§ 30303.
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/vt/title-8/chapter-220/30303A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 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.)