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2012 Vermont Statutes
Title 08 Banking and Insurance
Chapter 201 SUPERVISION; DEFINITIONS
§ 11605 Commissioner's coordination of enforcement and corrective action with home state


8 V.S.A. § 11605. What's This?

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§ 11605. Commissioner's coordination of enforcement and corrective action with home state

The commissioner shall promptly give notice to the home state supervisory agency of each enforcement or corrective action proposed to be undertaken against a state financial institution and, to the extent practicable, shall consult and cooperate with the home state regulator in pursuing and resolving such enforcement action. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)

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