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Vermont
Title 30 — Public Service · Chapter 81
48 entries
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§ 3001. Definitions As used in this chapter, unless the context otherwise requires, the following wo…
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§ 3001a.
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§ 3002. Powers A cooperative shall have power: (1) To sue and be sued in its corporate name. (2) To …
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§ 3002a.
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§ 3003. Name The name of a cooperative governed by this chapter shall include the words “utility” or…
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§ 3004. Organization; members Five or more natural persons, a majority of whom are residents of this…
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§ 3005. Articles of incorporation, contents Articles of incorporation of a cooperative shall recite …
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§ 3006. Bylaws The board of directors shall adopt bylaws of a cooperative to be adopted following an…
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§ 3007. Members, qualifications Each incorporator of a cooperative shall be a member thereof, but no…
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§ 3008. Meetings An annual meeting of the members of a cooperative shall be held at such time and pl…
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§ 3009. Notice of meeting Except as otherwise provided in this chapter, written or printed notice st…
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§ 3010. Members necessary for quorum Unless the bylaws prescribe the presence of a greater percentag…
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§ 3011. Voting Each member shall be entitled to one vote on each matter submitted to a vote at a mee…
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§ 3012. Notice; waiver A person entitled to notice of a meeting may waive the notice in writing eith…
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§ 3013. Directors, qualifications The business of a cooperative shall be managed by a board of not l…
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§ 3014. Election and term of office (a) The bylaws of a cooperative shall determine the method of el…
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§ 3015. Repealed.
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§ 3016. Districts The bylaws may provide for the division of the territory served or to be served by…
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§ 3017. Officers, duties The officers of a cooperative shall consist of a president, vice president,…
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§ 3018. Amendment of articles A cooperative may amend its articles of incorporation by complying wit…
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§ 3019. Location of office Upon authorization of its board of trustees or its members, a cooperative…
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§ 3020. Consolidation Two or more cooperatives licensed in this State under this law, each of which …
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§ 3021. Merger; requirements One or more cooperatives, each of which is designated a “merging cooper…
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§ 3022. Effect In the case of a consolidation, the separate existence of the consolidating cooperati…
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§ 3023. Transfer of rights and liabilities All the rights, privileges, immunities, and franchises an…
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§ 3024. Responsibilities for liabilities transferred The new or surviving cooperative shall be respo…
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§ 3025. Creditors’ rights not impaired by merger Neither the rights of creditors nor liens upon the …
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§ 3026. Private corporation; change A corporation organized under the laws of this State and supplyi…
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§ 3027. Dissolution—Cooperative not commencing business A cooperative that has not commenced busines…
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§ 3028. Dissolution of cooperatives A cooperative that has commenced business may be dissolved in th…
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§ 3029. Papers filed Articles of incorporation, amendment, consolidation, merger, conversion, or dis…
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§ 3030. Revenues; use of Revenues of a cooperative for a fiscal year in excess of the amount thereof…
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§ 3031. Mortgage and investment (a) The board of directors of a cooperative shall have full power an…
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§ 3032. Sale or lease of assets A cooperative may not sell, lease, or otherwise dispose of all or a …
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§ 3033. Personal liability A member shall not be liable or responsible for debts of the cooperative …
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§ 3034. Mortgages; filing A mortgage, deed of trust, or other instrument executed by a cooperative o…
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§ 3035. Safety standards As a minimum requirement for any activity authorized by this chapter, the c…
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§ 3036. Acknowledgments, members authorized A person who is authorized to take acknowledgments under…
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§ 3037. Foreign companies; service of process A foreign nonprofit or cooperative corporation supplyi…
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§ 3038. Fees (a) There shall be paid to the Secretary of State fees for filing as follows: (1) Artic…
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§§ 3039, 3040.
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§ 3041. Securities Act The provisions of 9 V.S.A. chapter 131 shall not apply to a note, bond, or ot…
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§ 3042. Annual reports Each cooperative formed under the provisions of this chapter shall prepare an…
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§ 3043. Formation of cooperatives by cooperatives (a) Notwithstanding any other provision of this ch…
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§ 3044. Approval by members of cooperative (a) With respect to matters not subject to section 248 of…
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§ 3045. Conservation and load management (a) Cooperatives may expend their funds, including the proc…
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§ 3046. [Reserved.]
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§ 3047. Cost allocations; subsidization prohibited In carrying out the purposes of this chapter, the…