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Terms Used In Vermont Statutes Title 24 Sec. 2781

  • 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.
  • 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

§ 2781. Definitions

For the purposes of this chapter:

(1) “Regional development corporation” means a nonprofit corporation organized in this State whose principal purpose is to promote, organize, or accomplish economic development, including providing planning and resource development services to local communities, supporting existing industry, assisting the growth and development of new and existing small businesses, and attracting industry or commerce to a particular economic region of the State;

(2) “Regional planning commission” means a regional planning commission operating under subchapters 3 and 4 of chapter 117 of this title;

(3) “Secretary” means the Secretary of the Agency of Commerce and Community Development. (Added 1977, No. 112, § 1; amended 1979, No. 165 (Adj. Sess.), § 1; 1983, No. 39, § 1; 1989, No. 21, § 2; 1995, No. 190 (Adj. Sess.), § 1(a).)