§ 8.30 General standards for directors
§ 8.33 Liability for unlawful distributions; statute of limitations

Terms Used In Vermont Statutes > Title 11A > Chapter 8 > Subchapter 3 - Standard of Conduct

  • Articles of incorporation: include amended and restated articles of incorporation, articles of merger, and special charters. 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.
  • Department: means the Department of Environmental Conservation. See
  • Distribution: means a direct or indirect transfer of money or other property (except its own shares) or incurrence of indebtedness by a corporation to or for the benefit of its shareholders in respect of any of its shares. See
  • Drinking water: means noncarbonated water that is intended for human consumption or other consumer uses whether provided by a public water system or in a container, bottle, or package, or in bulk, including water used for production of ice, foodstuffs, or other products designed for human consumption. See
  • Person: includes individual and entity. See
  • Proceeding: includes civil suit and criminal, administrative, and investigatory action. See
  • Public water source: means any surface water or groundwater supply used as a source of drinking water for a public water system. See
  • Public water source protection area: means a surface and subsurface area from or through which contaminants are reasonably likely to reach a public water source. See
  • Public water system: means any system, or combination of systems owned or controlled by a person, that provides drinking water through pipes or other constructed conveyances to the public and that:

  • Secretary: means the Secretary of Natural Resources or the Secretary's designee. See
  • Shareholder: means the person in whose name shares are registered in the records of a corporation or upon presentation for registration are entitled to be registered in the records of a corporation. 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
  • Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.