PocketLaw | Vermont Statutes | Directors And Officers

Directors And Officers

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Requirement for and duties of board

Qualifications of directors

Number of directors

Election, designation, and appointment of directors

Terms of directors generally

Staggered terms for directors

Resignation of directors

Removal of directors elected by members or directors

Removal of designated or appointed directors

Removal of directors by judicial proceeding

Vacancy on board

Compensation of directors

Financially disinterested majority-Public benefit corporations

Regular and special meetings

Action without meeting

Call and notice of meetings

Waiver of notice

Quorum and voting

Committees of the board

General standards for directors

Director conflict of interest

Loans to or guarantees for directors and officers

Liability for unlawful distributions; statute of limitations

Required officers

Duties and authority of officers

Standards of conduct for officers

Resignation and removal of officers

Contract rights of officers

Officers' authority to execute documents

Subchapter definitions

Authority to indemnify

Mandatory indemnification

Advance for expenses

Court-ordered indemnification

Determination and authorization of indemnification

Indemnification of officers, employees, and agents

Insurance

Application of subchapter