Terms Used In Vermont Statutes > Title 11C > Chapter 5 - Members

• Annual meeting: when applied to towns shall mean the annual town meeting in March or an adjournment thereof. See
• Arrest: Taking physical custody of a person by lawful authority.
• Articles of organization: means the articles of organization of a mutual benefit enterprise required by section 302 of this title. See
• Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
• Board of directors: means the board of directors of a mutual benefit enterprise. See
• Continuance: Putting off of a hearing ot trial until a later time.
• Cooperative: means an entity organized under any cooperative law of any jurisdiction. See
• 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
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• following: when used by way of reference to a section of the law shall mean the next preceding or following section. See
• Investor member: means a member that has made a contribution to a mutual benefit enterprise and:

• Member: means a person that is admitted as a patron member or investor member or both in a mutual benefit enterprise. See
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• Mortgagee: The person to whom property is mortgaged and who has loaned the money.
• Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
• Mutual benefit enterprise: means an enterprise organized under this title. See
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• Organic rules: means the articles of organization and bylaws of a mutual benefit enterprise. See
• Patron member: means a member that has made a contribution to a mutual benefit enterprise and:

• Patronage: means business transactions between a mutual benefit enterprise and a person that entitles the person to receive financial rights based on the value or quantity of business done between the enterprise and the person. See
• Person: means an individual; corporation; business trust; cooperative; estate; trust; partnership; limited partnership; limited liability company; mutual benefit enterprise; joint venture; association; public corporation; government or governmental subdivision, agency, or instrumentality; or any other legal or commercial entity. 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
• Personal property: All property that is not real property.
• Plaintiff: The person who files the complaint in a civil lawsuit.
• Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
• Principal office: means the principal executive office of a mutual benefit enterprise or foreign enterprise, whether or not in this State. See
• Quorum: The number of legislators that must be present to do business.
• Required information: means the information a mutual benefit enterprise is required to maintain under section 114 of this title. See
• State: means a state of the United States, District of Columbia, Puerto Rico, the U. See
• Testify: Answer questions in court.
• 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
• Trustee: A person or institution holding and administering property in trust.
• Verdict: The decision of a petit jury or a judge.
• Voting power: means the total current power of members to vote on a particular matter for which a vote may or is to be taken. See
• Writ: A formal written command, issued from the court, requiring the performance of a specific act.