Vermont § 1089 Directors; officers

Vermont Statutes

§ 1089 — Directors; officers

Vermont § 1089

Title 11Title 11: Corporations, Partnerships and Associations

Ch. 8Chapter 008: Worker Cooperative Corporations

This text of Vermont § 1089 (Directors; officers) 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. 11, § 1089 (2026).

Text

(a)The bylaws of a worker cooperative shall provide for the election, terms, classifications, if any, and removal of directors and officers in accordance with the provisions of this chapter or the provisions of 11A V.S.A. chapter 8.

(b)Nonmembers may serve as directors or officers of a worker cooperative but at no time shall there be a majority of nonmember directors.

(c)Vacancies in director positions resulting from death, resignation, or removal shall be filled by vote of the member directors or by vote of the members. (Added 1985, No. 46, § 1; amended 2023, No. 85 (Adj. Sess.), § 22, eff. July 1, 2024.)

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(a) The bylaws of a worker cooperative shall provide for the election, terms, classifications, if any, and removal of directors and officers in accordance with the provisions of this chapter or the provisions of 11A V.S.A. chapter 8.
(b) Nonmembers may serve as directors or officers of a worker cooperative but at no time shall there be a majority of nonmember directors.
(c) Vacancies in director positions resulting from death, resignation, or removal shall be filled by vote of the member directors or by vote of the members. (Added 1985, No. 46, § 1; amended 2023, No. 85 (Adj. Sess.), § 22, eff. July 1, 2024.)