§ 817.
172 words·~1 min read·
/vt/817A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 817. Committees
(a)Unless the organic rules otherwise provide, a board of directors may create one or more committees and appoint one or more individuals to serve on a committee.
(b)Unless the organic rules otherwise provide, an individual appointed to serve on a committee of a mutual benefit enterprise need not be a director or member.
(c)An individual who is not a director and is serving on a committee has the same rights, duties, and obligations as a director serving on the committee.
(d)Unless the organic rules otherwise provide, each committee of a mutual benefit enterprise may exercise the powers delegated to it by the board of directors, but a committee may not:
(1)approve allocations or distributions except according to a formula or method prescribed by the board of directors;
(2)approve or propose to members action requiring approval of members; or
(3)fill vacancies on the board of directors or any of its committees. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)