Vermont Statutes
Chapter 12 - Vermont Economic Development Authority
§ 214. Members; disqualification

§ 214. Members; disqualification
A member of the Authority may not participate in any decision:
(1) Under subchapter 3 of this chapter affecting a local development corporation if the member is a stockholder or member of that corporation;
(2) Upon any insurance contract under subchapter 2 of this chapter or loan under subchapter 5 of this chapter, if the member is a member, director, trustee, employee, or officer of; or has any interest direct or indirect in; or owns any stock, bonds, or other liabilities issued by or authorized by the prospective mortgagor, mortgagee, or tenant;
(3) Upon a bond issue under subchapter 4 of this chapter if the member is an officer or director of a bank or trust company that is a prospective purchaser of the bonds or a prospective trustee under the trust indenture securing the bonds. (Added 1973, No. 197 (Adj. Sess.), § 1; amended 1977, No. 52, § 3, eff. April 22, 1977.)

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