Terms Used In Vermont Statutes Title 30 Sec. 3014

  • Cooperative: means a corporation organized under this chapter or which becomes subject to this chapter in the manner hereinafter provided. See

§ 3014. Election and term of office

(a) The bylaws of a cooperative shall determine the method of election and term of office of the directors.

(b) Existing bylaws shall govern until duly amended. Those cooperatives which have in the past in compliance with their bylaws elected their directors to serve for staggered terms of three or four years may continue the practice. (Amended 1975, No. 108, § 1, eff. April 30, 1975; 1999, No. 143 (Adj. Sess.), § 12.)