§ 15201. Establishment of branches outside Vermont (a) A Vermont financial institution may establish a branch in any state other than this State by merger, consolidation, acquisition, or as otherwise permitted by and in accordance with the laws of such host state and applicable federal financial institution laws. (b) A merger or consolidation pursuant to […]
§ 15202. Establishment of branches in Vermont by financial institutions (a) A state financial institution, foreign bank, or national bank may establish a branch in this State pursuant to this section and in accordance with applicable state and federal financial institution laws. (b) The establishment of a branch in this State under this section shall […]
§ 15203. Foreign branches (a) A foreign bank not licensed by federal authorities to establish a federal branch in this State may transact business in this State only at a branch which is licensed by the Commissioner. The Commissioner may, upon receipt of an application of the foreign bank to establish a branch, issue a […]
§ 15204. Other activities (a) Subject to subsection (b) of this section, a financial institution having its principal office in a jurisdiction other than Vermont may maintain or conduct the following offices or activities in this State: (1) a temporary agency; (2) an office used solely for internal operations of the institution to which the […]
§ 15205. Out-of-state activities by Vermont financial institutions (a) Subject to subsection (b) of this section, a Vermont financial institution may maintain or conduct the following offices or activities in another state: (1) a temporary agency; (2) an office used solely for internal operations of the institution to which the public is not admitted for […]
