Vermont Statutes
Chapter 221 - Organization and Management of Credit Union
§ 31309. Oaths of office; certificate of election

§ 31309. Oaths of office; certificate of election
(a) Within ten days after election to any position, each person so elected or appointed shall execute an oath of office by which he or she agrees to accept, and diligently and faithfully to carry out, the duties and responsibilities of the position to which he or she has been elected and not negligently or willfully to violate, or permit to be violated, any provision of this title or the bylaws of the credit union.
(b) The chairperson of the governing body and the secretary shall execute a certificate of election, which shall set forth the names and addresses of the officers, directors, and committee members elected or appointed.
(c) The oath of office and the certificate of election shall be executed on forms prepared by the Department, and one copy of each shall be filed with the Department within 15 days after the election or appointment. (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