Vermont § 12201 - Meetings
Full text of Vermont Vermont Statutes Online § 12201 — Meetings, with citation guidance and answers to common questions.
§ 12201. Meetings
- (a) The governing body of a Vermont financial institution shall meet at least monthly,
except as otherwise provided in this section. A governing body that has appointed
an executive committee that meets during the months in which the governing body does
not meet shall meet at least six times a year, including once each quarter. Minutes
of executive committee meetings shall be ratified by the governing body. (b) At least once each month and at each regular meeting, the treasurer shall prepare
a financial statement showing the condition of the financial institution, which shall
be recorded in a book kept for that purpose and at all times shall be open to the
inspection by the governing body and the Commissioner. A record shall be made at each
meeting of the transactions of the governing body and the names of the directors present. (c) Conveyances, leases, assignments, releases, transfers of stock certificates and registered
bonds, and all other written instruments authorized or required by law or vote of
the directors may be executed by an executive officer or other official authorized
and empowered by the internal governance documents of the institution or by a vote
of the governing body that is duly recorded in the minutes of the institution. (d) Within 30 days after the annual meeting of the governing body for election of officers,
the Secretary shall file a copy of a list of officers and directors with the Commissioner,
which list shall be kept on file in the Commissioner’s office for public inspection. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001; amended 2001, No. 73 (Adj. Sess.), § 3, eff. Feb. 2, 2002.)
Frequently Asked Questions About Vermont § 12201
What does Vermont Statutes Online § 12201 cover?
Section 12201 ("Meetings") 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 § 12201?
A common citation format is "Vermont Statutes Online § 12201" (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 § 12201 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.