§ 1010.
76 words·~1 min read·
/vt/title-11/chapter-7/1010A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 1010. Vacancies on board of directors
When a vacancy on the board of directors occurs other than by expiration of term, the remaining members of the board shall fill the vacancy by a majority vote, unless the bylaws provide for an election of directors by districts. In such a case, the board of directors shall immediately call a special meeting of the members, or stockholders, to fill the vacancy in the district where it exists.