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Searching 2021-2022 Session

The Vermont Statutes Online

 

Title 11 : Corporations, Partnerships and Associations

Chapter 004 : PROFESSIONAL CORPORATIONS

Subchapter 004 : Governance

(Cite as: 11 V.S.A. § 841)
  • § 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.)