Vt. Stat. tit. 11 § 1014
Current through L. 2024, c. 185.
An association may provide a fair compensation for the time actually spent by its officers and directors in its service and for the service of the members of its executive committee. The bylaws may provide that a director or officer shall not occupy any position in the association on regular salary or substantially full time pay.
11 V.S.A. § 1014