Vermont § 32201 - Deposit powers

Full text of Vermont Vermont Statutes Online § 32201 — Deposit powers, with citation guidance and answers to common questions.

§ 32201. Deposit powers

  • (a) Applicability. The provisions of subsection 14201(b) of this title governing deposit accounts shall apply to credit unions in the same manner as they
    apply to financial institutions as defined in subdivision 11101(32) of this title. (b) Insurance. A Vermont credit union that accepts deposits or an office of a state-chartered credit
    union authorized to do business in this State shall not accept deposits in this State
    unless the credit union has insurance with the National Credit Union Administration
    or the successor to that federal agency. (c) Cash reserve on deposits and accounts. A credit union shall maintain reserves on deposits or accounts as required from time
    to time by the Federal Reserve Act, as amended, and any regulations adopted pursuant
    to the Act. (Added 2005, No. 16, § 1, eff. July 1, 2005; amended 2021, No. 105 (Adj. Sess.), § 334, eff. July 1, 2022.)

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Frequently Asked Questions About Vermont § 32201

What does Vermont Statutes Online § 32201 cover?

Section 32201 ("Deposit powers") 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 § 32201?

A common citation format is "Vermont Statutes Online § 32201" (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 § 32201 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.