Vermont § 15201 - Establishment of branches outside Vermont
Full text of Vermont Vermont Statutes Online § 15201 — Establishment of branches outside Vermont, with citation guidance and answers to common questions.
§ 15201. Establishment of branches outside Vermont
- (a) A Vermont financial institution may establish a branch in any state other than this
State by merger, consolidation, acquisition, or as otherwise permitted by and in accordance
with the laws of such host state and applicable federal financial institution laws. (b) A merger or consolidation pursuant to this section shall be in accordance with and
subject to the provisions of chapter 207 of this title. (c) Not later than the date on which the required application is filed with the responsible
federal supervisory agency, the applicant in the establishment of a branch under this
section shall file an application on a form prescribed by the Commissioner. If the
Commissioner finds that the proposed transaction will not be detrimental to the safety
or soundness of the applicant and the applicant has obtained and provided the Commissioner
with copies of all other required approvals, the Commissioner shall approve the application
and the operation of the branch outside this State. (d) A branch of a Vermont financial institution that is located in another state may conduct
any activity that is permissible for a branch in that state of a financial institution
incorporated under the laws of such state. In order to engage in trust activities
in an out-of-state branch, a Vermont financial institution shall have previously obtained
the Commissioner’s approval to engage in trust activities under section 14403 of this title. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 15201
What does Vermont Statutes Online § 15201 cover?
Section 15201 ("Establishment of branches outside Vermont") 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 § 15201?
A common citation format is "Vermont Statutes Online § 15201" (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 § 15201 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.