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2015 Vermont Statutes
Title 8 - Banking and Insurance
Chapter 222 - Powers
Subchapter 2: DEPOSITS IN GENERAL
§ 32210 Lien; setoff

8 V.S.A. § 32210 What's This?

§ 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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