§ 32204. Joint deposits
(a) The provisions of section 14204 of this title governing joint deposits shall apply to credit unions in the same manner as they apply to financial institutions as defined in subdivision 11101(32) of this title.
(b) A single joint share account may hold more than one membership share, supporting membership for more than one member of the credit union. If more than one joint owner seeks credit union membership through the joint account, the joint account must contain a membership share for each member. (Added 2005, No. 16, § 1, eff. July 1, 2005.)
Structure Vermont Statutes
Title 8 - Banking and Insurance
§ 32101. Applicability of chapter
§ 32103. Expanded powers of Vermont credit unions
§ 32202. Payment of deposits to administrators from another state or country
§ 32203. Trust deposits; payment on death of trustee
§ 32205. Payable on death accounts
§ 32206. Deposits of minors; exemption from trustee process
§ 32207. Provisions when title to deposit is litigated
§ 32208. Real estate trust and escrow
§ 32209. Claims not clearly consistent
§ 32211. Applicability of other laws
§ 32402. Commissioner approval
§ 32601. Failure to pay rent; removal of contents
§ 32701. Organization of a credit union service organization
§ 32702. Expansion of services
§ 32703. Records, reports, and examination
§ 32704. Limitation on loans to and investments in a CUSO
§ 32705. Investing in, lending to, or joining an existing CUSO