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
:
GOVERNANCE
(Cite as: 11 V.S.A. § 841)
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§ 841. Voting of shares
(a) Only a qualified person may be appointed a proxy to vote shares of a professional
corporation.
(b) A voting trust with respect to shares of a professional corporation is not valid unless
all of its trustees and beneficiaries are qualified persons. But, if a beneficiary
who is a qualified person dies or becomes disqualified, a voting trust valid under
this subsection continues to be valid for ten months after the date of death or for
five months after the disqualification occurred. (Added 2001, No. 77 (Adj. Sess.), § 1.)