There Is a Newer Version
of
the Vermont Statutes
2011 Vermont Code
Title 08 Banking and Insurance
Chapter 222 POWERS
§ 32210 Lien; setoff
Universal Citation:
8 VT Stats § 32210. (2011 through Adj Sess)
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§ 32210. Lien; setoff
The credit union shall have a lien on the shares, share certificates, deposits, deposit certificates, and accumulated dividends or interest of a member in an individual or joint account for any sum past due the credit union from said member or for any loan endorsed by such member. The credit union shall also have a right of immediate setoff with respect to every such account. (Added 2005, No. 16, { 1, eff. July 1, 2005.)
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