Terms Used In Vermont Statutes Title 16 Sec. 2539

  • 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.

§ 2539. Application, award, renewal

(a) Applications for Armed Services Scholarships shall be processed as follows:

(1) for a child or spouse of a member of the Vermont National Guard or of the active Reserve Forces of the United States, by the Vermont Adjutant General who shall verify the eligibility of the applicant as provided in section 2537 of this title; and

(2) for a child or spouse of a member of the Armed Forces of the United States, by the Office of Veterans’ Affairs who shall verify the eligibility of the applicant as provided in section 2537 of this title.

(b) On being notified of an eligible applicant’s matriculation at an institution as specified in subsection 2538(a) of this title, the Adjutant and Inspector General or the Office of Veterans’ Affairs shall provide funds from the special fund established in section 2541 of this title to the Vermont Student Assistance Corporation, which, upon verifying enrollment, shall disburse the scholarship award to the institution.

(c) Application for renewal of an Armed Services Scholarship shall be made annually with written endorsement by the proper officer of the institution attended that the holder of the scholarship has maintained satisfactory scholastic standing. On receipt of this certification, the Adjutant and Inspector General or the Office of Veterans’ Affairs shall provide funds from the special fund established in section 2541 of this title to the Vermont Student Assistance Corporation, which, upon verifying enrollment, shall disburse the scholarship award to the institution. (Added 1967, No. 199, § 3; amended 2003, No. 127 (Adj. Sess.), § 5; 2013, No. 50, § E.219.2.)