§ 14106. Expanded powers of Vermont financial institutions
In addition to all other powers permitted under these statutes, any Vermont financial institution shall have the powers conferred under federal law administered by the Federal Reserve Board, the Office of the Comptroller of the Currency, the FDIC, the Consumer Financial Protection Bureau, or other federal banking regulator upon national financial institutions or their subsidiaries. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001; amended 2021, No. 139 (Adj. Sess.), § 5, eff. May 27, 2022.)
Structure Vermont Statutes
Title 8 - Banking and Insurance
Chapter 204 - Powers of Financial Institutions
§ 14101. Applicability of chapter
§ 14102. General organizational powers
§ 14103. Advertising; doing business or using name unlawfully
§ 14104. Capital or surplus requirements
§ 14105. Participation in public agencies
§ 14106. Expanded powers of Vermont financial institutions
§ 14108. Prohibited mergers and acquisitions
§ 14109. Prohibited management interlocks
§ 14202. Payment of deposits to administrators from another state or country
§ 14203. Trust deposits; payment on death of trustee
§ 14205. Payable on death accounts
§ 14206. Deposits of minors; exemption from trustee process
§ 14207. Provisions when title to deposit is litigated
§ 14208. Security for deposits
§ 14209. Examination of accounts
§ 14210. Real estate trust and escrow
§ 14211. Claims not clearly consistent
§ 14212. Joint fiduciary accounts
§ 14304. Card holder represented by legal counsel
§ 14401. Types of trust functions
§ 14402. National financial institutions; state financial institutions
§ 14403. Approval of Commissioner
§ 14405. Powers and duties of officers
§ 14406. Segregation of trust funds; exception
§ 14407. Collective investment funds
§ 14408. Registration and sale of securities
§ 14409. Disposition of securities upon court order; liability for acts of nominee