§ 30801. Application of subchapter
(a) An application required to be filed under chapter 221, 224, or 225 of this title for the approval of the Commissioner, including an application for a charter, merger, acquisition, conversion, change in bylaws, change in organizational documents, or other similar request, shall be submitted to and considered by the Commissioner in accordance with the provisions of this subchapter.
(b) An application required to be filed under chapter 222 or 223 of this title for the approval of the Commissioner shall be filed on a form prescribed by the Commissioner and considered in accordance with the standards in section 30803 of this title. If the Commissioner finds that the application promotes the general good, a certificate of approval may be issued in summary fashion. No further approval shall be required.
(c) Nothing in this subchapter shall prevent the Commissioner from issuing a certificate of approval for any application that the Commissioner finds may be approved as filed without further process. (Added 2005, No. 16, § 1, eff. July 1, 2005.)
Structure Vermont Statutes
Title 8 - Banking and Insurance
Chapter 220 - Supervision and Regulation
§ 30202. Fees and Department expenses
§ 30203. Rules and regulations
§ 30303. Emergency closing by credit union
§ 30401. Preservation of records
§ 30502. Periodic reports from state credit unions with an office or activity in this State
§ 30503. Exemption from annual report to Secretary of State
§ 30602. Confidentiality of investigation and examination reports
§ 30603. Examinations by federal regulatory agencies; departmental participation
§ 30604. Examinations; cooperative agreements
§ 30605. Cooperative and other agreements
§ 30701. Enforcement powers of Commissioner
§ 30702. Power of Commissioner to impose corrective action
§ 30705. Commissioner’s coordination of enforcement and corrective action with home state
§ 30801. Application of subchapter
§ 30803. Hearings on applications; decisions; general good standard
§ 30804. Notification of approval or denial of application