§ 17301. Mergers and consolidations; mutual or cooperative financial institutions
§ 17301. Mergers and consolidations; mutual or cooperative financial institutions (a) General. Two or more mutual or cooperative financial institutions may merge or consolidate into one financial institution organized under chapter 203 of this title in accordance with the procedures and subject to the conditions and limitations set forth in this subchapter. (b) Adoption of […]
§ 17401. Mergers and consolidations; investor-owned and mutual or cooperative financial institutions
§ 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 […]
§ 17501. Acquisition of assets
§ 17501. Acquisition of assets (a) General. A Vermont financial institution may acquire the assets of, or assume the liabilities of, any other financial institution authorized to do business in this State. When the value of an acquisition or assumption is worth 25 percent or more of the assets of the acquiring, assuming, or transferring […]
§ 17502. Assumption of liabilities
§ 17502. Assumption of liabilities (a) Assumption of liabilities. Subject to the approval of the Commissioner, any Vermont financial institution may, by contract, assume all or any part of the deposit and other liability of any other financial institution or financial institutions and may accept in payment or part payment for the obligations so assumed, […]
§ 17601. Change in control
§ 17601. Change in control (a) The applicant in any acquisition application filed under the federal Bank Change in Control Act, the federal Savings and Loan Holding Company Act or the Bank Holding Company Act by a holding company that controls a Vermont financial institution, or by a person that intends to acquire a Vermont […]
§ 17202. Merger of investor-owned institution with national financial institution
§ 17202. Merger of investor-owned institution with national financial institution (a) Nothing contained in the law of this State restricts the right of a financial institution organized under chapter 202 of this title to merge or consolidate into a resulting national financial institution. The corporate action to be taken by the investor-owned institution and its […]
§ 17101. General provisions on mergers, share exchanges, consolidations, and acquisitions
§ 17101. General provisions on mergers, share exchanges, consolidations, and acquisitions (a) The provisions of this chapter and Titles 11 and 11A govern mergers, consolidations, acquisition of assets, or assumption of liabilities undertaken by financial institutions subject to the laws of this State. References in this chapter to mergers shall be deemed to include share […]
§ 17201. Mergers and consolidations; investor-owned institutions
§ 17201. Mergers and consolidations; investor-owned institutions (a) General. Any two or more investor-owned institutions may merge, or consolidate into one investor-owned Vermont financial institution in accordance with the procedures, and subject to the conditions and limitations, set forth in this subchapter. (b) Adoption of plan. The governing body of each participating institution shall adopt, […]