§ 406. Restated articles of organization
A mutual benefit enterprise, by the affirmative vote of a majority of the board of directors taken at a meeting for which the purpose is stated in the notice of the meeting, may adopt restated articles of organization that contain the original articles as previously amended. Restated articles may contain amendments if the restated articles are adopted in the same manner and with the same vote as required for amendments to the articles under subsection 405(a) of this title. Upon filing, restated articles supersede the existing articles and all amendments. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)
Structure Vermont Statutes
Title 11C - Mutual Benefit Enterprises
Chapter 4 - Amendment of Organic Rules of Mutual Benefit Enterprise
§ 401. Authority to amend organic rules
§ 402. Notice and action on amendment of organic rules
§ 403. Method of voting on amendment of organic rules
§ 404. Voting by district, class, or voting group
§ 406. Restated articles of organization
§ 407. Amendment or restatement of articles of organization; filing