Vermont Statutes Title 22 Sec. 106
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Terms Used In Vermont Statutes Title 22 Sec. 106
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Person: shall include any natural person, corporation, municipality, the State of Vermont or any department, agency, or subdivision of the State, and any partnership, unincorporated association, or other legal entity. See
- seal: shall include an impression of the official seal made upon paper alone or by means of a wafer or wax affixed thereto. See
- Trustee: A person or institution holding and administering property in trust.
§ 106. Vacancies
(a) They may fill by election vacancies occurring in their number.
(b) When a trustee, manager, or director is elected to fill a vacancy, a certificate under the seal of the corporation, giving the name of the person elected, shall be recorded in the office of the county clerk where the articles of incorporation are recorded. (Amended 1963, No. 16, eff. March 20, 1963.)