{"data":{"id":"us-vt/8-v.s.a.-31310","jurisdiction":"us-vt","citation":"8 V.S.A. § 31310","heading":"Prohibited management interlocks","body":"(a) Except with the Commissioner’s prior written approval, a director, officer, or employee of any other credit union or financial institution shall not at the same time be a director, officer, or employee of a credit union with a place of business or doing business in the State of Vermont.\n(b) The terms of this section shall not apply to:\n(1) a credit union that is in liquidation, receivership, conservatorship, or similar proceedings;\n(2) a corporate credit union;\n(3) a credit union service organization affiliated by reason of common ownership or control of at least 25 percent of the voting interest of such affiliated credit union service organization; or\n(4) any other relationship otherwise permitted under guidelines or regulations of federal supervisory authorities or the Commissioner adopted from time to time, relating to management interlocks.","path":["Title 8: Banking and Insurance","Chapter 221: Organization and Management of Credit Union","Subchapter 003: GOVERNING BODY, OFFICERS, AND COMMITTEES"],"source_url":"https://legislature.vermont.gov/statutes/section/08/221/31310","current_through":"2025 session","vintage":"","retrieved_at":"2026-09-05T14:09:21Z","sha256":"69191ae2e25224d3dc47d348644d93b03ce0e04a1a88308d6304c6c9f349e3dc","source_id":"us-vt","stale":false,"prev":"us-vt/8-v.s.a.-31309","next":"us-vt/8-v.s.a.-31311"},"notice":"GroundRules: Original legal text. Not legal advice."}