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
003
:
GOVERNING BODY, OFFICERS, AND COMMITTEES
(Cite as: 8 V.S.A. § 31312)
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§ 31312. Vacancies
A vacancy on the governing body, the supervisory committee, or any other governing-body-appointed
or member-elected committee that exists due to the death, resignation, or removal
of a director or committee member shall be filled by majority vote of the remaining
directors, regardless of whether the remaining directors constitute a quorum. A director
or committee member appointed by the governing body to fill a vacancy on a committee
where the members elect the members of such committee shall hold office until the
next annual meeting, at which time the members of the credit union shall vote to fill
the remainder of the unexpired term. (Added 2005, No. 16, § 1, eff. July 1, 2005.)