Vermont § 5102 - Definitions In this chapter, unless the context otherwise requires:

§ 5102. Definitions In this chapter, unless the context otherwise requires:

• (1) “Agent” means an individual, other than a broker-dealer, who represents a broker-dealer
  in effecting or attempting to effect purchases or sales of securities or represents
  an issuer in effecting or attempting to effect purchases or sales of the issuer’s
  securities. But a partner, officer, or director of a broker-dealer or issuer or an
  individual having a similar status or performing similar functions is an agent only
  if the individual otherwise comes within the term. The term does not include an individual
  excluded by rule adopted or order issued under this chapter. (2) “Bank” means: (A) a banking institution organized under the laws of the United States; (B) a member bank of the Federal Reserve System; (C) any other banking institution, whether incorporated or not, doing business under the
  laws of a state or of the United States, a substantial portion of the business of
  which consists of receiving deposits or exercising fiduciary powers similar to those
  permitted to be exercised by national banks under the authority of the Comptroller
  of the Currency pursuant to 12 U.S.C. § 92a, and that is supervised and examined by a state or federal agency having supervision
  over banks, and that is not operated for the purpose of evading this chapter; and (D) a receiver, conservator, or other liquidating agent of any institution or firm included
  in subdivision (2)(A), (B), or (C) of this section. (3) “Broker-dealer” means a person engaged in the business of effecting transactions in
  securities for the account of others or for the person’s own account. The term does
  not include: (A) an agent; (B) an issuer; (C) a bank or savings institution if its activities as a broker-dealer are limited to
  those specified in subdivisions 15 U.S.C. § 78c(a)(4)(B)