§ 11403 - Periodic reports from state financial institutions with a branch, office or activity in this state - Vermont Statutes

§ 11403. Periodic reports from state financial institutions with a branch, office or activity in this state

(a) The commissioner may require periodic reports from any state financial institution that has established and maintains a branch in this state pursuant to section 15202 of this title.

(b) The commissioner may require periodic reports from any state financial institution that has established and maintains an office or conducts an activity pursuant to section 15204 of this title.

(c) Any reporting requirements prescribed by the commissioner under this section shall be:

(1) consistent with the reporting requirements applicable to financial institutions incorporated under the laws of this state; and

(2) appropriate for the purpose of enabling the commissioner to carry out his or her responsibilities under the laws relating to branching, offices or activities. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)