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Searching 2025-2026 Session

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The Vermont Statutes Online

The Statutes below include the actions of the 2025 session of the General Assembly.

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
  •    § 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

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