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.
Subchapter
004
:
GOVERNING BODY
(Cite as: 8 V.S.A. § 13402)
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§ 13402. Meetings of the governing body
(a) The governing body shall hold at least six meetings each year at a time fixed in the
internal governance documents, which shall be held at least once each quarter. In
any month in which the governing body does not meet, the executive committee permitted
under subsection 13403(c) of this title shall meet and a record of the meeting of the executive committee shall be ratified
at the next meeting of the governing body.
(b) A quorum at any meeting shall consist of not less than a majority of the governing
body, but less than a quorum shall have power to adjourn from time to time until the
next duly called meeting.
(c) At least once each month and at each regular meeting, the treasurer shall prepare
a financial statement showing the condition of the financial institution, which shall
be recorded in a book kept for that purpose and at all times shall be open to the
inspection of the governing body and the Commissioner. A record shall be made at each
meeting of the transactions of the governing body and the names of the directors present.
(d) Full and complete records of all meetings of the governing body shall be kept and
maintained. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)