Vermont Statutes Title 11 Sec. 513
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Terms Used In Vermont Statutes Title 11 Sec. 513
- Investor member: means a member that has made a contribution to a mutual benefit enterprise and:
- Member: means a person that is admitted as a patron member or investor member or both in a mutual benefit enterprise. See
- Organic rules: means the articles of organization and bylaws of a mutual benefit enterprise. See
- Voting power: means the total current power of members to vote on a particular matter for which a vote may or is to be taken. See
§ 513. Voting by investor members
If the organic rules provide for investor members, each investor member has one vote unless the organic rules otherwise provide. The organic rules may provide for the allocation of investor member voting power by class, classes, or any combination of classes. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)