§ 32708. Prohibited activities
A CUSO shall not acquire control of, either directly or indirectly, another depository financial institution, nor invest in shares, stocks, or obligations of an insurance company, trade association, liquidity facility, or similar organization, corporation, or association. (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