Vermont Statutes > Title 11A > Chapter 8 > Subchapter 3 – Standard of Conduct
Current as of: 2023 | Check for updates
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Other versions
§ 8.30 | General standards for directors |
§ 8.33 | Liability for unlawful distributions; statute of limitations |
Terms Used In Vermont Statutes > Title 11A > Chapter 8 > Subchapter 3 - Standard of Conduct
- Articles of incorporation: include amended and restated articles of incorporation, articles of merger, and special charters. 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.
- Department: means the Department of Environmental Conservation. See
- Distribution: means a direct or indirect transfer of money or other property (except its own shares) or incurrence of indebtedness by a corporation to or for the benefit of its shareholders in respect of any of its shares. See
- Drinking water: means noncarbonated water that is intended for human consumption or other consumer uses whether provided by a public water system or in a container, bottle, or package, or in bulk, including water used for production of ice, foodstuffs, or other products designed for human consumption. See
- Person: includes individual and entity. See
- Proceeding: includes civil suit and criminal, administrative, and investigatory action. See
- Public water source: means any surface water or groundwater supply used as a source of drinking water for a public water system. See
- Public water source protection area: means a surface and subsurface area from or through which contaminants are reasonably likely to reach a public water source. See
- Public water system: means any system, or combination of systems owned or controlled by a person, that provides drinking water through pipes or other constructed conveyances to the public and that:
- Secretary: means the Secretary of Natural Resources or the Secretary's designee. See
- Shareholder: means the person in whose name shares are registered in the records of a corporation or upon presentation for registration are entitled to be registered in the records of a corporation. See
- 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
- Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.