Vermont Statutes Title 8. Banking and Insurance, § 13601. Voluntary dissolution; procedure; criteria

(1) pro forma financial statements that demonstrate that the financial institution will, upon dissolution, discharge, or make provision for discharging its liabilities;

(2) a method to distribute all remaining assets among its depositors or members according to their interests;

(3) the process of and resources dedicated to the oversight of the dissolution of the financial institution;

(4) the plan to transfer to any other financial institution its deposit, loan, and trust accounts, including escheat of all remaining deposit accounts to the State of Vermont;

(5) the procurement or continuation of insurance or the provision of other security as the Commissioner deems necessary;

(6) an acknowledgment that, before the articles of dissolution are filed, there will be no distributions to depositors or members, without first providing for the obligations of the dissolving entity; and

(7) such other information or assurances as the Commissioner may require.