§ 820 — Other considerations of directors

Vermont § 820

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

Text

In determining what the director reasonably believes to be in the best interests of the enterprise, a director may consider:
(1) the interests of the enterprise’s employees, suppliers, creditors, and customers;
(2) the economy of the State, region, nation, and community, and societal considerations, including those of any community in which any offices or facilities of the enterprise are located; and
(3) any other factors the director in his or her discretion reasonably considers appropriate in determining what he or she reasonably believes to be in the best interests of the enterprise and the long-term and short-term interests of the enterprise and its members, including the possibility that these interests may be best served by the continued independence of the enterprise. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)