§ 33101.
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/vt/title-8/chapter-223/33101A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 33101. Relocation of main office
(a)With the approval of the Commissioner, a Vermont credit union may relocate its main office anywhere within the State to serve effectively its members.
(b)The Commissioner, before granting an approval under subsection
(a)of this section, shall consider:
(1)the field of membership to be served by the proposed relocation of the main office;
(2)the adequacy of the current main office;
(3)the economic need for and cost of the proposed relocation; and
(4)the convenience and necessity to the field of membership of the proposed relocation. (Added 2005, No. 16, § 1, eff. July 1, 2005.)