Vermont § 14108 - Prohibited mergers and acquisitions
Full text of Vermont Vermont Statutes Online § 14108 — Prohibited mergers and acquisitions, with citation guidance and answers to common questions.
§ 14108. Prohibited mergers and acquisitions
- (a) No depository institution may by merger, consolidation, or other form of acquisition
come to hold in excess of 30 percent of the total time and demand deposits held in
Vermont by depository institutions. For the purposes of this section, the total deposits
of a depository institution shall consist of all time and demand deposits held in
Vermont by such depository institution and all of its affiliates. (b) Notwithstanding subsection (a) of this section, the Commissioner may waive the deposit
concentration limit set forth in subsection (a) of this section if the Commissioner
determines that any financial institution to be merged, consolidated, or acquired
is not adequately capitalized, or is subject to a conservation, receivership, or dissolution
order under this title or applicable federal law, and the waiver is otherwise in the
best interests of depositors. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001; amended 2021, No. 105 (Adj. Sess.), § 293, eff. July 1, 2022.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 14108
What does Vermont Statutes Online § 14108 cover?
Section 14108 ("Prohibited mergers and acquisitions") 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 § 14108?
A common citation format is "Vermont Statutes Online § 14108" (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 § 14108 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.