Vermont § 4463 Representative form of government defined

Vermont Statutes

§ 4463 — Representative form of government defined

Vermont § 4463

Title 8Title 8: Banking and Insurance

Ch. 121Chapter 121: Fraternal Benefit Societies

This text of Vermont § 4463 (Representative form of government defined) 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. 8, § 4463 (2026).

Text

A society shall be deemed to have a representative form of government when:

(1)it provides in its constitution or laws for a supreme legislative or governing body, composed of representatives elected either by the members or by delegates elected directly or indirectly by the members, together with such other members of the body as may be prescribed by the society’s constitution and laws;

(2)the representatives elected constitute a majority in number and have not less than two-thirds of the votes nor less than the votes required to amend its constitution and laws;

(3)the meetings of the supreme legislative or governing body and the election of officers, representatives, or delegates are held as often as once in four calendar years;

(4)each insured member is eligible for election to act

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A society shall be deemed to have a representative form of government when:
(1) it provides in its constitution or laws for a supreme legislative or governing body, composed of representatives elected either by the members or by delegates elected directly or indirectly by the members, together with such other members of the body as may be prescribed by the society’s constitution and laws;
(2) the representatives elected constitute a majority in number and have not less than two-thirds of the votes nor less than the votes required to amend its constitution and laws;
(3) the meetings of the supreme legislative or governing body and the election of officers, representatives, or delegates are held as often as once in four calendar years;
(4) each insured member is eligible for election to act or serve as a delegate to the meeting;
(5) the society has a board of directors charged with the responsibility for managing its affairs in the interim between meetings of its supreme legislative or governing body, subject to control by the body and having powers and duties delegated to it in the constitution or laws of the society;
(6) the board of directors is elected by the supreme legislative or governing body, except in case of filling a vacancy in the interim between meetings of the body;
(7) the officers are elected either by the supreme legislative or governing body or by the board of directors; and
(8) the members, officers, representatives, or delegates may not vote by proxy.