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.
(Cite as: 10 V.S.A. § 374c)
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§ 374c. Incorporation; board of directors
The Vermont Economic Development Authority shall incorporate a nonprofit corporation
to administer the Vermont agricultural credit program and to fulfill the goals and
purposes of this chapter. The voting members of the Authority shall be the board of
directors of the corporation, and the manager of the Authority shall serve as the
president and chief executive officer of the corporation. Such corporation shall be
organized and operate under the nonprofit corporation laws of the State of Vermont
to the extent not inconsistent herewith. The Authority will have the power to contract
with the corporation to provide staff and management needs of the corporation. (Added 1999, No. 25, § 1.)