Vermont § 817 Committees

Vermont Statutes

§ 817 — Committees

Vermont § 817

Title 11CTitle 11C: Mutual Benefit Enterprises

Ch. 8Article 008: Directors and Officers

This text of Vermont § 817 (Committees) 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. 11C, § 817 (2026).

Text

(a)Unless the organic rules otherwise provide, a board of directors may create one or more committees and appoint one or more individuals to serve on a committee.

(b)Unless the organic rules otherwise provide, an individual appointed to serve on a committee of a mutual benefit enterprise need not be a director or member.

(c)An individual who is not a director and is serving on a committee has the same rights, duties, and obligations as a director serving on the committee.

(d)Unless the organic rules otherwise provide, each committee of a mutual benefit enterprise may exercise the powers delegated to it by the board of directors, but a committee may not:

(1)approve allocations or distributions except according to a formula or method prescribed by the board of directors;

(2)approve or

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(a) Unless the organic rules otherwise provide, a board of directors may create one or more committees and appoint one or more individuals to serve on a committee.
(b) Unless the organic rules otherwise provide, an individual appointed to serve on a committee of a mutual benefit enterprise need not be a director or member.
(c) An individual who is not a director and is serving on a committee has the same rights, duties, and obligations as a director serving on the committee.
(d) Unless the organic rules otherwise provide, each committee of a mutual benefit enterprise may exercise the powers delegated to it by the board of directors, but a committee may not:
(1) approve allocations or distributions except according to a formula or method prescribed by the board of directors;
(2) approve or propose to members action requiring approval of members; or
(3) fill vacancies on the board of directors or any of its committees. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)