The Vermont Statutes Online
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
NOTE: The online version of the Vermont Statutes does NOT yet include the actions of the 2023 legislative session. The 2023 updates should be available by the end of October.
Title 11C : Mututal Benefit Enterprises
Chapter 004 : AMENDMENT OF ORGANIC RULES OF MUTUAL BENEFIT ENTERPRISE
(Cite as: 11C V.S.A. § 406)-
§ 406. Restated articles of organization
A mutual benefit enterprise, by the affirmative vote of a majority of the board of directors taken at a meeting for which the purpose is stated in the notice of the meeting, may adopt restated articles of organization that contain the original articles as previously amended. Restated articles may contain amendments if the restated articles are adopted in the same manner and with the same vote as required for amendments to the articles under subsection 405(a) of this title. Upon filing, restated articles supersede the existing articles and all amendments. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)
