Resignation and removal of officers
Known as the Mutual Benefit Enterprise Act
The act spans §§ 11C-1001 to 11C-909 (158 sections).
Added 2011, No. 84 (Adj
(a) The board of directors may remove an officer at any time with or without cause.
(b) An officer of a mutual benefit enterprise may resign at any time by giving notice in a record to the enterprise. Unless the notice specifies a later time, the resignation is effective when the notice is given.
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.