Print
The Vermont Statutes Online
Title
10
:
Conservation and Development
Chapter
016A
:
VERMONT AGRICULTURAL CREDIT PROGRAM
§
374c. Incorporation; board of directors
The Vermont
economic development authority shall incorporate a nonprofit corporation to
administer the Vermont agricultural credit program and to fulfill the goals and
purposes of this chapter. The voting members of the authority shall be the
board of directors of the corporation, and the manager of the authority shall
serve as the president and chief executive officer of the corporation. Such
corporation shall be organized and operate under the nonprofit corporation laws
of the state of Vermont to the extent not inconsistent herewith. The authority
will have the power to contract with the corporation to provide staff and
management needs of the corporation. (Added 1999, No. 25, § 1.)