Vermont Statutes

§ 817 — Committees

Vermont·Title 11C Title 11C: Mutual Benefit Enterprises·Ch. 8 Article 008: Directors and Officers
(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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