Terms Used In Vermont Statutes > Title 8 > Chapter 207 > Subchapter 3 - Mergers and Consolidations; Mutual or Cooperative Financial Institutions

• Annual meeting: when applied to towns shall mean the annual town meeting in March or an adjournment thereof. See
• Continuing care: means the furnishing in a facility, pursuant to a continuing care contract, of board and a variety of living arrangements together with nursing, medical, health and health-related services, assistance with the personal activities of daily living, or any combination of these services, including a priority commitment for nursing care, to two or more individuals who are not related by consanguinity or affinity to the person furnishing such care, for a term in excess of one year or for the duration of that individual's life, including mutually terminable contracts. See
• Continuing care contract: means a contract under which a provider is to furnish continuing care to a specified individual in return for payment of an entrance fee that is in addition to, or in lieu of, the payment of regular periodic charges for the care and services involved. See
• Contract: A legal written agreement that becomes binding when signed.
• Department: means the Department of Financial Regulation. See
• Occupancy date: means the date a living unit is available for occupancy by the resident or the date on which the resident personally occupies the living unit, whichever occurs first. See
• Person: means an individual, trust, state, partnership, committee, corporation, association, or other organizations such as joint-stock companies or insurance companies, or a political subdivision or instrumentality of a state, including a municipal corporation. See
• Provider: means the person who enters into a contract to provide continuing care to a resident. See
• Resident: means the individual designated in a continuing care contract as the one who is to receive continuing care. See