§374c. Incorporation; board of directors

Link to law: http://legislature.vermont.gov/statutes/section/10/016A/00374c
Published: 2015

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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.)
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