§ 1017. Preferred stock
An association organized with stock may issue preferred stock but such stock shall have no voting privileges. Such stock may be issued on such terms and with such preferences as the board of directors may determine and may be sold to any person, member or nonmember, and may be redeemable or retirable by the association on such terms and conditions as may be provided in the certificate of organization and printed on the face of the stock certificate.
Structure Vermont Statutes
Title 11 - Corporations, Partnerships and Associations
§ 996. Amendment of certificate
§ 1007. Classification of directors
§ 1008. Primary elections for directors
§ 1009. Appointment of directors by public officials
§ 1010. Vacancies on board of directors
§ 1011. Contracts with directors
§ 1016. Liability of members for debts
§ 1018. Marketing contracts—Terms
§ 1021. Liability of landowner, landlord or lessor
§ 1023. Ownership or control of other corporations
§ 1028. Application to existing corporations
§ 1029. Soliciting breach of contract