Vermont Statutes Title 11 Sec. 515
Terms Used In Vermont Statutes Title 11 Sec. 515
- 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
- Patron member: means a member that has made a contribution to a mutual benefit enterprise and:
§ 515. Manner of voting
(a) Unless the organic rules otherwise provide, voting by a proxy at a members’ meeting is prohibited. This subsection does not prohibit delegate voting based on district or class.
(b) If voting by a proxy is permitted, a patron member may appoint only another patron member as a proxy and, if investor members are permitted, an investor member may appoint only another investor member as a proxy.
(c) The organic rules may provide for the manner of and provisions governing the appointment of a proxy.
(d) The organic rules may provide for voting on any question by ballot delivered by mail or voting by other means on questions that are subject to vote by members. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)