Vt. Stat. tit. 11 § 1089

Current through L. 2024, c. 185.
Section 1089 - Directors; officers
(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.

11 V.S.A. § 1089

Amended by 2024 , No. 85, § 22, eff. 7/1/2024.
Added 1985, No. 46, § 1.