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Terms Used In Vermont Statutes Title 11 Sec. 840

  • 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.

§ 840. Directors and officers

Not fewer than one-half of the directors of a professional corporation and all of its officers, except the secretary and treasurer (if any), must be qualified persons with respect to the corporation, except as provided in section 881 of this title. (Added 2001, No. 77 (Adj. Sess.), § 1.)