Vermont § 13105 - Payment of capital deposits

Full text of Vermont Vermont Statutes Online § 13105 — Payment of capital deposits, with citation guidance and answers to common questions.

§ 13105. Payment of capital deposits

  • (a) A financial institution organized under this chapter shall not commence business until
    the minimum capital deposits required in its permission to organize have been deposited
    to the credit of the financial institution in a depository designated by the governing
    body. (b) At such time as the institution has received to its credit the minimum capital deposits
    required in section 13103 of this title, a complete list of the capital depositors, with the name, address, occupation, and
    the amount of capital deposited by each, shall be filed with the Commissioner, which
    list shall be verified by an officer and the secretary of the institution. Such deposits
    shall be handled by the institution in accordance with subchapter 2 of this chapter. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)

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

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Frequently Asked Questions About Vermont § 13105

What does Vermont Statutes Online § 13105 cover?

Section 13105 ("Payment of capital deposits") 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 § 13105?

A common citation format is "Vermont Statutes Online § 13105" (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 § 13105 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.