Vermont § 11701 - Application of subchapter
Full text of Vermont Vermont Statutes Online § 11701 — Application of subchapter, with citation guidance and answers to common questions.
§ 11701. Application of subchapter
- (a) An application required to be filed under chapter 202, 203, 206, 207, or 210 of this
title for the approval of the Commissioner, including an application for a charter,
merger, acquisition, conversion, or other similar request, shall be submitted to and
considered by the Commissioner in accordance with the provisions of this subchapter. (b) An application required to be filed under chapter 204 or 205 of this title for the
approval of the Commissioner shall be filed on a form prescribed by the Commissioner
and considered in accordance with the standards in section 11703 of this title. If the Commissioner finds that the application promotes the general good, a certificate
of general good may be issued in summary fashion. No further approval shall be required. (c) Nothing in this subchapter shall prevent the Commissioner from issuing a certificate
of approval for any application that the Commissioner finds may be approved as filed
without further process. (d) Notwithstanding the provisions of subsections (a), (b), and (c) of this section, a
financial institution shall notify the Commissioner of its intention to amend its
organizational documents and may proceed as provided in the notice unless the Commissioner
objects in writing within 30 days; provided, however, no advance notice for a bylaw
amendment is required. If the Commissioner objects, the financial institution shall
file an application in accordance with this subchapter. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)
Frequently Asked Questions About Vermont § 11701
What does Vermont Statutes Online § 11701 cover?
Section 11701 ("Application of subchapter") 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 § 11701?
A common citation format is "Vermont Statutes Online § 11701" (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 § 11701 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.