Vermont Statutes Title 22 Sec. 105
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Terms Used In Vermont Statutes Title 22 Sec. 105
- 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.
- Germane: On the subject of the pending bill or other business; a strict standard of relevance.
§ 105. General powers
The trustees, managers, or directors shall elect the officers of the corporation from their number and have the control and management of the affairs and property of the corporation, may accept donations and, in their discretion, hold the donations in the form in which they are given for the purposes of science, literature, and art germane to the objects and purposes of the corporation. They may, in their discretion, receive by loan books, manuscripts, works of art, and other library materials and hold or circulate them under the conditions specified by the owners. (Amended 1989, No. 28, § 6.)