§ 19103 - Business restricted - Vermont Statutes

§ 19103. Business restricted

During holidays and subject to the provisions of the proclamation, the commissioner, in addition to all other powers conferred by law, may order any Vermont financial institution to restrict all or any part of its business, and to limit or postpone for any length of time the payment of any amount or proportion of the deposits in savings, commercial, or any other department thereof, separate and distinct from the other, as the commissioner may deem necessary or expedient and may regulate further payments therefrom as to time and amount, as the interest of the public or the financial institution or the depositors thereof may require. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)