Vermont § 10502 - Definitions relating to basic banking As used in sections 10501 through 10504 of this title, the following terms shall have the following meanings:

Full text of Vermont Vermont Statutes Online § 10502 — Definitions relating to basic banking As used in sections 10501 through 10504 of this title, the following terms shall have the following meanings:, with citation guidance and answers to common questions.

§ 10502. Definitions relating to basic banking As used in sections 10501 through 10504 of this title, the following terms shall have the following meanings:

  • (1) “Basic checking account” means a deposit account on which the consumer is permitted
    to make payments or transfers by check, money order, or other negotiable instruments
    and that is maintained by such person for personal, family, or household purposes. (2) “Basic savings account” means a savings account or statement savings that is maintained
    by such person for personal, family, or household purposes. (3) “Consumer” means a natural person. (Added 1999, No. 153 (Adj

Source: official Vermont text · Last verified 2026-08-27

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Frequently Asked Questions About Vermont § 10502

What does Vermont Statutes Online § 10502 cover?

Section 10502 ("Definitions relating to basic banking As used in sections 10501 through 10504 of this title, the following terms shall have the following meanings:") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Vermont § 10502?

A common citation format is "Vermont Statutes Online § 10502" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Vermont law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.

How does Vermont § 10502 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.