Vermont Statutes Title 11 Sec. 508
Terms Used In Vermont Statutes Title 11 Sec. 508
- Articles of organization: means the articles of organization of a mutual benefit enterprise required by section 302 of this title. See
- Board of directors: means the board of directors of a mutual benefit enterprise. See
- Member: means a person that is admitted as a patron member or investor member or both in a mutual benefit enterprise. See
- Mutual benefit enterprise: means an enterprise organized under this title. See
§ 508. Notice of members’ meeting
(a) A mutual benefit enterprise shall notify each member of the time, date, and place of a members’ meeting at least 15 and not more than 60 days before the meeting.
(b) Unless the articles of organization otherwise provide, notice of an annual members’ meeting need not include any purpose of the meeting.
(c) Notice of a special meeting of members shall include each purpose of the meeting as contained in the demand under subdivision 507(a)(3) or (4) of this title or as voted upon by the board of directors under subdivision 507(a)(2) of this title.
(d) Notice of a members’ meeting shall be given in a record unless oral notice is reasonable under the circumstances. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)