§ 31202. Credit union name
(a) The name of every credit union organized under this title shall include the phrase “credit union.” No credit union may adopt a name either identical to the name of any other credit union or entity doing business in this state or so similar to the name of any other credit union or entity doing business in this state as to be misleading or to cause confusion.
(b) No person, other than a credit union incorporated under this title, the acts of other states, the Federal Credit Union Act, an association of credit unions, or an organization or corporation, whose membership or ownership is limited to credit unions or credit union organizations, may use a name or title containing the phrase “credit union” or any derivation thereof, or may represent itself as a credit union or conduct business as a credit union. (Added 2005, No. 16, § 1, eff. July 1, 2005.)
Structure Vermont Statutes
Title 8 - Banking and Insurance
Chapter 221 - Organization and Management of Credit Union
§ 31101. Application to organize
§ 31102. Issuance of certificate of approval; refusal to issue certificate of approval
§ 31103. Requirements to commence business; minimum initial share deposits; certificate of authority
§ 31104. Submission to Secretary of State
§ 31105. Payment of share deposits
§ 31106. Certificate to commence business; insurance; bond
§ 31107. Failure to commence business
§ 31108. Amendment to articles of incorporation
§ 31201. Bylaws; amendment of bylaws
§ 31301. Number and election of directors
§ 31302. Duties of governing body
§ 31304. Meetings of governing body
§ 31306. Supervisory committee
§ 31307. Credit committee; credit manager
§ 31308. Duties of officers, directors, and committee members
§ 31309. Oaths of office; certificate of election
§ 31310. Prohibited management interlocks
§ 31311. Suspension and removal
§ 31314. Compensation; insurance; expenses
§ 31402. Membership application
§ 31404. Membership termination
§ 31405. Suspension of services
§ 31407. Special membership meetings
§ 31408. Notice to members of annual and special meeting
§ 31502. Regular reserve account
§ 31503. Allowance for loan and lease loss
§ 31504. Unrealized gain or loss on available for sale securities
§ 31505. Additional or special reserves