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
002
:
THE COOPERATIVE MARKETING ACT; COOPERATIVE ASSOCIATIONS
(Cite as: 11 V.S.A. § 1013)
-
§ 1013. Officers
The directors shall elect from their number a president and one or more vice presidents.
They shall also elect a secretary, who shall be the clerk of the association, and
a treasurer, who need not be directors or members of the association. The directors
may combine the two latter offices and designate the combined office as that of secretary-treasurer,
or unite both functions and titles in one person. The treasurer may be a bank or any
depository, and as such, shall not be considered as an officer, but as a function
of the board of directors, and in such case, the secretary shall perform the usual
accounting duties of the treasurer, except that the funds shall be deposited only
as and where authorized by the board of directors. (Amended 2025, No. 10, § 3, eff. July 1, 2025.)