Terms Used In Vermont Statutes Title 10 Sec. 272

  • Authority: means the Vermont Economic Development Authority established under section 213 of this title. See
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Person: shall include any natural person, corporation, municipality, the State of Vermont or any department, agency, or subdivision of the State, and any partnership, unincorporated association, or other legal entity. See
  • State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See

§ 272. Definitions

As used in this subchapter:

(1) "Authority" means the Vermont Economic Development Authority.

(2) "Family farmer" means a person who is a resident of this State and who is, or will become, engaged in farming on his or her own behalf managing and operating the farm on a full-time basis and whose net worth (including his or her dependents and spouse) does not exceed $150,000.00.

(3) "Farming" shall mean the cultivation of land or other uses of land for the production of food, fiber, horticultural, orchard, or forest crops, or the raising of livestock, poultry, equines, fish, or bees. Farming also includes the storage, preparation, retail sale, and transportation of agricultural commodities accessory to the cultivation or use of such land.

(4) "Vermont Rehabilitation Corporation" means the nonprofit quasi-public corporation for which articles of association have been filed with the Secretary of State on April 26, 1935. (Added 1985, No. 81, § 1; amended 1993, No. 89, § 3(a), eff. June 15, 1993.)