Vermont Statutes
Chapter 221 - Organization and Management of Credit Union
§ 31202. Credit union name

§ 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

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

§ 31202. Credit union name

§ 31301. Number and election of directors

§ 31302. Duties of governing body

§ 31303. Executive committee

§ 31304. Meetings of governing body

§ 31305. Officers

§ 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

§ 31312. Vacancies

§ 31313. Conflict of interest

§ 31314. Compensation; insurance; expenses

§ 31401. Field of membership

§ 31402. Membership application

§ 31403. Liability of members

§ 31404. Membership termination

§ 31405. Suspension of services

§ 31406. Meetings of members

§ 31407. Special membership meetings

§ 31408. Notice to members of annual and special meeting

§ 31501. Net worth

§ 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

§ 31506. Dividends to shareholders; conditions precedent

§ 31507. Standards

§ 31601. Share insurance

§ 31602. Bonds and insurance

§ 31701. General application

§ 31702. Organization

§ 31703. Membership

§ 31704. Purposes

§ 31705. Powers

§ 31706. Reserves