Vermont Statutes
§ 34102 — Merger of Vermont credit union with federal credit union
Vermont § 34102
This text of Vermont § 34102 (Merger of Vermont credit union with federal credit union) 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, § 34102 (2026).
Text
(a)Nothing contained in the law of this State restricts the right of a credit union organized under this title to merge into a continuing federal credit union. The corporate action to be taken by the Vermont credit union and its rights and liabilities and those of its members are the same as those prescribed in section 34101 of this title, except that approval of the Commissioner is not required.
(b)Upon the effective date of the merger, the authority of the participating Vermont credit union shall terminate automatically. The continuing federal credit union shall notify the Secretary of State of the termination.
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Legislative History
(Added 2005, No. 16, § 1, eff. July 1, 2005.)
Nearby Sections
4
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Bluebook (online)
Vermont § 34102, Counsel Stack Legal Research, https://law.counselstack.com/statute/vt/224/34102.