The Vermont Statutes Online
The Statutes below include the actions of the 2024 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.
Title 11C : Mututal Benefit Enterprises
Chapter 008 : Directors and Officers
(Cite as: 11C V.S.A. § 809)-
§ 809. Vacancy on board
(a) Unless the organic rules otherwise provide, a vacancy on the board of directors shall be filled:
(1) notwithstanding subdivision 804(a)(2) and subsection 804(b) of this title, within a reasonable time by majority vote of the remaining directors until the next annual members’ meeting or a special meeting of members called to fill the vacancy; and
(2) for the unexpired term by members at the next annual members’ meeting or a special meeting of members called to fill the vacancy.
(b) Unless the organic rules otherwise provide, if a vacating director was elected or appointed by a class of members or a district:
(1) the new director shall be of that class or district; and
(2) the selection of the director for the unexpired term shall be conducted in the same manner as would the selection for that position without a vacancy.
(c) If a member appointed a vacating director, the organic rules may provide for that member to appoint a director to fill the vacancy. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)
