§ 13104. Submission to Secretary of State
Following the meeting required under subdivision 13103(e)(1) of this title and approval by the Commissioner under subdivision 13103(e)(5) of this title, the directors so elected shall submit to the Secretary of State an attested copy of each of the institution’s organizational documents required by Title 11 or 11A, as the case may be. The Secretary of State shall determine whether such organizational documents satisfy the requirements of Title 11 or 11A. If such requirements are met, the Secretary of State shall file the organizational documents according to the provisions of law. The filing of the organizational documents by the Secretary of State shall not authorize the transaction of business by the financial institution until all conditions of this subchapter are satisfied. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)
Structure Vermont Statutes
Title 8 - Banking and Insurance
Chapter 203 - Organization and Management of Mutual and Cooperative Financial Institutions
§ 13101. Application to organize
§ 13102. Issuance of certificate of general good; refusal to issue certificate of general good
§ 13104. Submission to Secretary of State
§ 13105. Payment of capital deposits
§ 13106. Certificate to commence business
§ 13107. Failure to commence business
§ 13201. Initial capital deposits; capital reserves
§ 13202. Return of initial capital deposit
§ 13203. Capital notes or debentures as capital reserve
§ 13301. Corporators of mutual financial institutions
§ 13302. Members of a cooperative financial institution; qualifications and voting rights
§ 13303. Powers and duties of corporators and members
§ 13401. Directors: number, election, qualifications, and term
§ 13402. Meetings of the governing body