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Terms Used In Vermont Statutes Title 22 Sec. 107

  • 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.

§ 107. Bylaws

They may make bylaws for the management of such corporation and library. The bylaws shall set forth the officers of the corporation and define and prescribe their respective duties.