Vt. Stat. Ann. tit. 11C, § 809

Vacancy on board

Redline — July 1, 2021 → current.View current text →

Current — June 1, 2022

As of July 1, 2021

(1) Unless the organic rules otherwise provide, a vacancy on the board of directors shall be filled: 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

(1) Unless the organic rules otherwise provide, a vacancy on the board of directors shall be filled: 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.

(2) for the unexpired term by members at the next annual members’ meeting or a special meeting of members called to fill the vacancy.

(3) Unless the organic rules otherwise provide, if a vacating director was elected or appointed by a class of members or a district: the new director shall be of that class or district; and

(4) 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.

(5) 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.~~

(5) If a member appointed a vacating director, the organic rules may provide for that member to appoint a director to fill the vacancy.

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