§ 32101. Applicability of chapter The provisions of this chapter set forth the powers granted to all credit unions organized pursuant to this part and offices of any state-chartered credit union authorized to do business in Vermont under this title. The powers, privileges, duties, and restrictions conferred and imposed in the articles of association of […]
§ 32102. General powers (a) Subject to applicable law, a Vermont credit union may exercise the following powers: (1) make contracts; (2) sue and be sued; (3) adopt and use a common seal and alter such seal at pleasure; (4) purchase, hold, and dispose of property necessary or incidental to its operations; (5) establish, acquire, […]
§ 32103. Expanded powers of Vermont credit unions (a) Subject to the requirements of this section, in addition to all other powers permitted under these statutes, a credit union may exercise any of the powers or engage in any activity conferred upon a federal credit union chartered under the laws of the United States of […]
§ 32104. Investments (a) A Vermont credit union may invest its assets prudently in accordance with the best judgment of its governing body, subject to the limitations set forth in this section and in the credit union’s adopted investment policy. (b) A Vermont credit union’s governing body shall establish a written investment policy, which it […]
