The Vermont Statutes Online

Title 11B: Nonprofit Corporations

Chapter 008: Directors and Officers

• Subchapter 001: Board of Directors
•    § 8.01. Requirement for and duties of board

•    § 8.02. Qualifications of directors

•    § 8.03. Number of directors

•    § 8.04. Election, designation, and appointment of directors

•    § 8.05. Terms of directors generally

•    § 8.06. Staggered terms for directors

•    § 8.07. Resignation of directors

•    § 8.08. Removal of directors elected by members or directors

•    § 8.09. Removal of designated or appointed directors

•    § 8.10. Removal of directors by judicial proceeding

•    § 8.11. Vacancy on board

•    § 8.12. Compensation of directors

•    § 8.13. Financially disinterested majority-Public benefit corporations

• Subchapter 002: Meetings and Action of the Board
•    § 8.20. Regular and special meetings

•    § 8.21. Action without meeting

•    § 8.22. Call and notice of meetings

•    § 8.23. Waiver of notice

•    § 8.24. Quorum and voting

•    § 8.25. Committees of the board

• Subchapter 003: Standard of Conduct
•    § 8.30. General standards for directors

•    § 8.31. Director conflict of interest

•    § 8.32. Loans to or guarantees for directors and officers

•    § 8.33. Liability for unlawful distributions; statute of limitations

• Subchapter 004: Officers
•    § 8.40. Required officers

•    § 8.41. Duties and authority of officers

•    § 8.42. Standards of conduct for officers

•    § 8.43. Resignation and removal of officers

•    § 8.44. Contract rights of officers

•    § 8.45. Officers' authority to execute documents

• Subchapter 005: Indemnification
•    § 8.50. Subchapter definitions

•    § 8.51. Authority to indemnify

•    § 8.52. Mandatory indemnification

•    § 8.53. Advance for expenses

•    § 8.54. Court-ordered indemnification

•    § 8.55. Determination and authorization of indemnification

•    § 8.56. Indemnification of officers, employees, and agents

•    § 8.57. Insurance

•    § 8.58. Application of subchapter

Full Text of Chapter