Vermont § 14104 - Capital or surplus requirements
Full text of Vermont Vermont Statutes Online § 14104 — Capital or surplus requirements, with citation guidance and answers to common questions.
§ 14104. Capital or surplus requirements
- (a) Every Vermont financial institution shall establish and maintain adequate levels of
capital or surplus pursuant to standards established by the Commissioner. (b) Any issuance considered as capital under subsection (a) of this section shall be submitted
to the Commissioner for review and approval at least 10 days prior to issuance and
include such documentation as the Commissioner deems necessary. (c) Notwithstanding the provisions of subsections (a) and (b) of this section, the Commissioner
may permit the formation of a Vermont financial institution without capital or surplus
to be merged with or into or consolidated with an existing financial institution for
the purpose of facilitating a reorganization or acquisition transaction, including
a triangular merger transaction, involving such existing financial institution. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)
Frequently Asked Questions About Vermont § 14104
What does Vermont Statutes Online § 14104 cover?
Section 14104 ("Capital or surplus requirements") 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 § 14104?
A common citation format is "Vermont Statutes Online § 14104" (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 § 14104 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.