Vermont § 214 Members; disqualification

Vermont Statutes

§ 214 — Members; disqualification

Vermont § 214

Title 10Title 10: Conservation and Development

Ch. 12Chapter 012: Vermont Economic Development Authority

This text of Vermont § 214 (Members; disqualification) is published on Counsel Stack Legal Research, covering Vermont primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Vt. Stat. Ann. tit. 10, § 214 (2026).

Text

A member of the Authority may not participate in any decision:

(1)under subchapter 3 of this chapter affecting a local development corporation if the member is a stockholder or member of that corporation;

(2)upon any loan under subchapter 5 of this chapter if the member is a member, director, trustee, employee, or officer of; or has any interest direct or indirect in; or owns any stock, bonds, or other liabilities issued by or authorized by the prospective mortgagor, mortgagee, or tenant;

(3)upon a bond issue under subchapter 4 of this chapter if the member is an officer or director of a bank or trust company that is a prospective purchaser of the bonds or a prospective trustee under the trust indenture securing the bonds. (Added 1973, No. 197 (Adj. Sess.), § 1; amended 1977, No. 52, §

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A member of the Authority may not participate in any decision:
(1) under subchapter 3 of this chapter affecting a local development corporation if the member is a stockholder or member of that corporation;
(2) upon any loan under subchapter 5 of this chapter if the member is a member, director, trustee, employee, or officer of; or has any interest direct or indirect in; or owns any stock, bonds, or other liabilities issued by or authorized by the prospective mortgagor, mortgagee, or tenant;
(3) upon a bond issue under subchapter 4 of this chapter if the member is an officer or director of a bank or trust company that is a prospective purchaser of the bonds or a prospective trustee under the trust indenture securing the bonds. (Added 1973, No. 197 (Adj. Sess.), § 1; amended 1977, No. 52, § 3, eff. April 22, 1977; 2025, No. 26, § 1, eff. July 1, 2025.)