§ 8.03. Number of directors
(a) A board of directors must consist of three or more individuals, with the number specified in or fixed in accordance with the articles of incorporation or bylaws.
(b) The number of directors may be increased or decreased (but to no fewer than three) from time to time by amendment to or in the manner prescribed in the articles of incorporation or bylaws. (Added 1995, No. 179 (Adj. Sess.), § 1, eff. Jan. 1, 1997.)
Structure Vermont Statutes
Title 11B - Nonprofit Corporations
Chapter 8 - Directors and Officers
§ 8.01. Requirement for and duties of board
§ 8.02. Qualifications of directors
§ 8.04. Election, designation, and appointment of directors
§ 8.05. Terms of directors generally
§ 8.06. Staggered terms for directors
§ 8.07. Resignation of directors
§ 8.08. Removal of directors elected by members or directors
§ 8.09. Removal of designated or appointed directors
§ 8.10. Removal of directors by judicial proceeding
§ 8.12. Compensation of directors
§ 8.13. Financially disinterested majority—Public benefit corporations
§ 8.20. Regular and special meetings
§ 8.21. Action without meeting
§ 8.22. Call and notice of meetings
§ 8.25. Committees of the board
§ 8.30. General standards for directors
§ 8.31. Director conflict of interest
§ 8.32. Loans to or guarantees for directors and officers
§ 8.33. Liability for unlawful distributions; statute of limitations
§ 8.41. Duties and authority of officers
§ 8.42. Standards of conduct for officers
§ 8.43. Resignation and removal of officers
§ 8.44. Contract rights of officers
§ 8.45. Officers’ authority to execute documents
§ 8.50. Subchapter definitions
§ 8.51. Authority to indemnify
§ 8.52. Mandatory indemnification
§ 8.54. Court-ordered indemnification
§ 8.55. Determination and authorization of indemnification