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. § 822)
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§ 822. Appointment and authority of officers
(a) A mutual benefit enterprise has the officers:
(1) provided in the organic rules; or
(2) established by the board of directors in a manner not inconsistent with the organic
rules.
(b) The organic rules may designate or, if the rules do not designate, the board of directors
shall designate one of the enterprise’s officers for preparing all records required
by section 114 of this title and for the authentication of records.
(c) Unless the organic rules otherwise provide, the board of directors shall appoint the
officers of the mutual benefit enterprise.
(d) Officers of a mutual benefit enterprise shall perform the duties the organic rules
prescribe or as authorized by the board of directors not in a manner inconsistent
with the organic rules.
(e) The election or appointment of an officer of a mutual benefit enterprise does not
of itself create a contract between the enterprise and the officer.
(f) Unless the organic rules otherwise provide, an individual may simultaneously hold
more than one office in a mutual benefit enterprise. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)