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
001
:
GENERAL PROVISIONS
(Cite as: 10 V.S.A. § 214)
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§ 214. Members; disqualification
A member of the Authority may not participate in any decision:
(1) under subchapter 3 of this chapter affecting a local development corporation if the
member is a stockholder or member of that corporation;
(2) upon any loan under subchapter 5 of this chapter if the member is a member, director,
trustee, employee, or officer of; or has any interest direct or indirect in; or owns
any stock, bonds, or other liabilities issued by or authorized by the prospective
mortgagor, mortgagee, or tenant;
(3) upon a bond issue under subchapter 4 of this chapter if the member is an officer or
director of a bank or trust company that is a prospective purchaser of the bonds or
a prospective trustee under the trust indenture securing the bonds. (Added 1973, No. 197 (Adj. Sess.), § 1; amended 1977, No. 52, § 3, eff. April 22, 1977; 2025, No. 26, § 1, eff. July 1, 2025.)