Vermont Statutes Annotated

Vt. Stat. Ann. tit. 08, § 1803 (2026)

Determination of public good

✓ current as of May 2026

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(Cite as: 8 V.S.A. § 1803)

§ 1803. Determination of public good

Prior to the granting of a charter to a development credit corporation, the Commissioner shall find that such grant shall promote the general good of the State. (Added 1969, No. 64, § 1, eff. Jan. 1, 1970; amended 1989, No. 225 (Adj. Sess.), § 25(b); 1995, No. 180 (Adj. Sess.), § 38(a); 2003, No. 105 (Adj. Sess.), § 9.)

Notes of Decisions

Cited in 2 cases, 1986–1988 · leading case: Burke Mountain Rec., Inc. v. Vermont Dev. Credit Corp. (In Re Burke Mountain Rec., Inc.), 64 B.R. 799 (Bankr. D. Vt. 1986).

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Burke Mountain Rec., Inc. v. Vermont Dev. Credit Corp. (In Re Burke Mountain Rec., Inc.), 64 B.R. 799 (Bankr. D. Vt. 1986). · cites it 7× “Contrast the less stringent standards of 8 V.S.A. § 1803. e) An application may be denied.”

Vermont Dev. Credit Corp. v. Kitchel, 544 A.2d 1165 (Vt. 1988). “Under 8 V.S.A. § 1803, VDCC is subject to annual audits by the Vermont Department of Banking and Insurance.”

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