The Vermont Statutes Online
The Vermont Statutes Online does not include the actions of the 2024 session of the General Assembly. We expect them to be updated by November 1st.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Title 11B: Nonprofit Corporations
Chapter 008: Directors and Officers
- Subchapter 001: Board of Directors
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§ 8.01. Requirement for and duties of board
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§ 8.02. Qualifications of directors
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§ 8.03. Number of directors
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§ 8.04. Election, designation, and appointment of directors
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§ 8.05. Terms of directors generally
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§ 8.06. Staggered terms for directors
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§ 8.07. Resignation of directors
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§ 8.08. Removal of directors elected by members or directors
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§ 8.09. Removal of designated or appointed directors
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§ 8.10. Removal of directors by judicial proceeding
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§ 8.11. Vacancy on board
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§ 8.12. Compensation of directors
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§ 8.13. Financially disinterested majority-Public benefit corporations
- Subchapter 002: Meetings and Action of the Board
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§ 8.20. Regular and special meetings
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§ 8.21. Action without meeting
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§ 8.22. Call and notice of meetings
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§ 8.23. Waiver of notice
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§ 8.24. Quorum and voting
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§ 8.25. Committees of the board
- Subchapter 003: Standard of Conduct
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§ 8.30. General standards for directors
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§ 8.31. Director conflict of interest
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§ 8.32. Loans to or guarantees for directors and officers
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§ 8.33. Liability for unlawful distributions; statute of limitations
- Subchapter 004: Officers
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§ 8.40. Required officers
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§ 8.41. Duties and authority of officers
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§ 8.42. Standards of conduct for officers
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§ 8.43. Resignation and removal of officers
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§ 8.44. Contract rights of officers
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§ 8.45. Officers' authority to execute documents
- Subchapter 005: Indemnification
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§ 8.50. Subchapter definitions
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§ 8.51. Authority to indemnify
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§ 8.52. Mandatory indemnification
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§ 8.53. Advance for expenses
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§ 8.54. Court-ordered indemnification
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§ 8.55. Determination and authorization of indemnification
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§ 8.56. Indemnification of officers, employees, and agents
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§ 8.57. Insurance
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§ 8.58. Application of subchapter