Public-domain · open source
OpenJurist

Vt. Stat. Ann. tit. 11, § 841

Voting of shares

Known as the Vermont Professional Corporation Act

The act spans §§ 11–11 (34 sections).

Added 2001, No. 77 (Adj

(a) Only a qualified person may be appointed a proxy to vote shares of a professional corporation.

(b) A voting trust with respect to shares of a professional corporation is not valid unless all of its trustees and beneficiaries are qualified persons. But, if a beneficiary who is a qualified person dies or becomes disqualified, a voting trust valid under this subsection continues to be valid for ten months after the date of death or for five months after the disqualification occurred.

Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.