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Vt. Stat. Ann. tit. 11C, § 820

Other considerations of directors

Known as the Mutual Benefit Enterprise Act

The act spans §§ 11–11 (158 sections).

Added 2011, No. 84 (Adj

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.

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