Vermont § 17401 - Mergers and consolidations; investor-owned and mutual or cooperative financial institutions
Full text of Vermont Vermont Statutes Online § 17401 — Mergers and consolidations; investor-owned and mutual or cooperative financial institutions, with citation guidance and answers to common questions.
§ 17401. Mergers and consolidations; investor-owned and mutual or cooperative financial institutions
- (a) Resulting mutual or cooperative financial institution. An investor-owned financial institution may be merged into or consolidated with a
mutual or cooperative financial institution organized under the laws of this State
in accordance with the procedures and subject to the conditions and limitations set
forth in this subchapter and provided: (1) The resulting mutual or cooperative financial institution shall comply with the requirements
of subsections 17301(a), (b), (c), and (d) of this title except that the plan of merger
or consolidation shall state the amount the institution will pay for the equity interests
in the investor-owned institution to be acquired and additional information the Commissioner
considers appropriate. (2) The investor-owned institution to be merged or consolidated shall comply with subsections
17201(b) through (f) of this title. (b) Resulting investor-owned institution. Except as the Commissioner may authorize pursuant to subsection 17101(f) of this title, a mutual or cooperative financial institution may not merge into an investor-owned
institution organized under the laws of this State without first converting into an
investor-owned institution under section 16101 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 § 17401
What does Vermont Statutes Online § 17401 cover?
Section 17401 ("Mergers and consolidations; investor-owned and mutual or cooperative 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 § 17401?
A common citation format is "Vermont Statutes Online § 17401" (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 § 17401 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.