Vermont § 14110 Duties of executive officers, directors, and persons who control principal equity interests in financial institutions; officers may not receive fees

Vermont Statutes

§ 14110 — Duties of executive officers, directors, and persons who control principal equity interests in financial institutions; officers may not receive fees

Vermont § 14110

Title 8Title 8: Banking and Insurance

Ch. 204Chapter 204: Powers of Financial Institutions

This text of Vermont § 14110 (Duties of executive officers, directors, and persons who control principal equity interests in financial institutions; officers may not receive fees) is published on Counsel Stack Legal Research, covering Vermont primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Vt. Stat. Ann. tit. 8, § 14110 (2026).

Text

(a)All executive officers, directors, and holders of principal equity interest of a Vermont or state financial institution subject to the laws of this State under this title shall comply with the standards for member banks established by Regulation O of the Federal Reserve Board, 12 C.F.R., Part 215, as amended.

(b)An officer, director, or employee of a Vermont or state financial institution shall not corruptly solicit or demand for the benefit of any person, or corruptly accept or agree to accept (i) any fee, present, benefit, or commission, directly or indirectly, from a borrower or applicant for a loan or from anyone negotiating securities at the financial institution of which he or she is an officer, director, or employee;

(ii)any fee, present, benefit, or commission, directly or in

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(a) All executive officers, directors, and holders of principal equity interest of a Vermont or state financial institution subject to the laws of this State under this title shall comply with the standards for member banks established by Regulation O of the Federal Reserve Board, 12 C.F.R., Part 215, as amended.
(b) An officer, director, or employee of a Vermont or state financial institution shall not corruptly solicit or demand for the benefit of any person, or corruptly accept or agree to accept (i) any fee, present, benefit, or commission, directly or indirectly, from a borrower or applicant for a loan or from anyone negotiating securities at the financial institution of which he or she is an officer, director, or employee; (ii) any fee, present, benefit, or commission, directly or indirectly, for signing with another as accommodation maker, surety or endorser, or for a loan made or securities bought or sold by the financial institution, except for the benefit or profit he or she may derive in common with other depositors or stockbrokers, and the compensation allowed by the financial institution, for services and expenses. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)