Vermont § 15205 - Out-of-state activities by Vermont financial institutions
Full text of Vermont Vermont Statutes Online § 15205 — Out-of-state activities by Vermont financial institutions, with citation guidance and answers to common questions.
§ 15205. Out-of-state activities by Vermont financial institutions
- (a) Subject to subsection (b) of this section, a Vermont financial institution may maintain
or conduct the following offices or activities in another state: (1) a temporary agency; (2) an office used solely for internal operations of the institution to which the public
is not admitted for the conduct of financial institution business; (3) an automated teller machine owned by a Vermont financial institution; provided, however,
that it does not accept deposits or transfer funds between accounts; (4) loan production; (5) foreign exchange services; (6) trust activities; or (7) any other financial institution-related activity that the host state determines may
be maintained or conducted in such state. (b) The Vermont financial institution shall provide the Commissioner with written evidence
that the host state approved, did not object to, or otherwise allows the Vermont financial
institution to maintain the office or conduct in the host state the activity described
in subsection (a) of this section. In order to engage in trust activities in the host
state, a Vermont financial institution shall have previously obtained the Commissioner’s
approval to engage in trust activities under section 14403 of this title. (c) Nothing in this section shall be deemed to permit a Vermont financial institution
to solicit or accept deposits, pay checks, or lend money within the host state, unless
it is otherwise authorized to engage in such activity in the host state. (Added 2005, No. 36, § 6, eff. June 1, 2005.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 15205
What does Vermont Statutes Online § 15205 cover?
Section 15205 ("Out-of-state activities by Vermont financial institutions") 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 § 15205?
A common citation format is "Vermont Statutes Online § 15205" (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 § 15205 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.