§ 34101. Mergers (a) General. Any two or more credit unions may merge into one Vermont credit union in accordance with the procedures and subject to the conditions and limitations set forth in this chapter. (b) Adoption of plan. The governing body of each participating credit union shall adopt, by a majority vote or higher […]
§ 34102. Merger of Vermont credit union with federal credit union (a) Nothing contained in the law of this State restricts the right of a credit union organized under this title to merge into a continuing federal credit union. The corporate action to be taken by the Vermont credit union and its rights and liabilities […]
§ 34103. Effect of merger or conversion (a) Applicability. From and after the effective date of a merger or conversion, under chapter 224 or 225 of this title, the continuing credit union may conduct business in accordance with the terms of the plan as approved and in accordance with this chapter. (b) Continuing entity. Whenever […]
§ 34104. Nonconforming activities; cessation (a) Applicability. If, as a result of a merger or conversion pursuant to this title, the continuing credit union is to be of a different type or of a different character than any one or all of the participating or converting institutions, such continuing credit union shall be subject to […]
