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: 30 V.S.A. § 3017)
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§ 3017. Officers, duties
The officers of a cooperative shall consist of a president, vice president, secretary,
and treasurer, who shall be elected annually by and from the board of directors. When
a person holding office ceases to be a director, he or she shall cease to hold such
office. The offices of secretary and treasurer may be held by the same person. A vacancy
in the office of secretary may be filled by the board of directors, and the person
so elected shall serve until his or her successor is elected. When a cooperative neglects
for six months to appoint and have a clerk, it shall forfeit $50.00 to the person
injured to be recovered in an action on this statute. The secretary shall record all
votes and proceedings of the members and directors or executive committee thereof.
He or she shall have the custody of the corporate seal and of the corporate records
and shall keep such records within this State. He or she shall keep a book containing
a record of the names of the members, the date of their membership and of others served
by the cooperative, and of the places of residence of each, which book shall always
be open to the inspection of members. He or she shall procure and file in the office
of the clerk of the town where the principal office is located and also keep on file
in his or her own office certified copies of all papers required by law or by this
chapter to be filed with the Secretary of State. The board of directors may also elect
or appoint such other officers, agents, or employees as it deems necessary or advisable
and shall prescribe their powers and duties. An officer may be removed from office
and his or her successor elected in the manner prescribed by the bylaws. (Amended 1999, No. 143 (Adj. Sess.), § 14.)