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.
(Cite as: 11C V.S.A. § 820)
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§ 820. Other considerations of directors
In determining what the director reasonably believes to be in the best interests of
the enterprise, a director may consider:
(1) the interests of the enterprise’s employees, suppliers, creditors, and customers;
(2) the economy of the State, region, nation, and community, and societal considerations,
including those of any community in which any offices or facilities of the enterprise
are located; and
(3) any other factors the director in his or her discretion reasonably considers appropriate
in determining what he or she reasonably believes to be in the best interests of the
enterprise and the long-term and short-term interests of the enterprise and its members,
including the possibility that these interests may be best served by the continued
independence of the enterprise. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)