Terms Used In Vermont Statutes > Title 11 > Chapter 8 - Worker Cooperative Corporations

• Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
• Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
• Collective account: means an internal capital account that represents the portion of the net book value of the corporation attributable to the cooperative. See
• 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.
• Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
• Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• Executor: A male person named in a will to carry out the decedent
• Fees: shall mean earnings due for official services, aside from salaries or per diem compensation. See
• Internal capital account cooperative: means a worker cooperative governed in accordance with section 1090 of this chapter. See
• Internal capital accounts: means a system of accounts on the books of a worker cooperative that reflects the book value of the corporation. See
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• Member: means a person who has been accepted for membership in, and owns a membership share issued by, a worker cooperative. See
• Membership fee: means the consideration paid for a membership share. See
• Membership share: means a share of voting stock issued to each member of a worker cooperative as evidence of membership. See
• Patronage: means the amount of work performed as a member of a worker cooperative, measured in accordance with the articles of association or bylaws. See
• Person: means a natural person. See
• 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
• Plaintiff: The person who files the complaint in a civil lawsuit.
• Service of process: The service of writs or summonses to the appropriate party.
• State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See
• Summons: Another word for subpoena used by the criminal justice system.
• Town: shall include city and wards or precincts therein; "selectboard members" and "board of civil authority" shall extend to and include the mayor and aldermen of cities; "trustees" shall extend to and include bailiffs of incorporated villages; and the laws applicable to the inhabitants and officers of towns shall be applicable to the inhabitants and similar officers of all municipal corporations. See
• Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
• Worker cooperative: means a corporation which has elected to be governed by this chapter. See
• Writ: A formal written command, issued from the court, requiring the performance of a specific act.