Terms Used In Vermont Statutes > Title 12 > Chapter 23 > Subchapter 4 - New Promise and Payment

• 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.
• 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.
• 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
• Internal capital accounts: means a system of accounts on the books of a worker cooperative that reflects the book value of the corporation. See
• Member: means a person who has been accepted for membership in, and owns a membership share issued by, a worker cooperative. 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.
• 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