Voting agreements

11B V.S.A. ch. 007, § 7.30, under Members, Meetings and Voting.

11B V.S.A. ch. 007, § 7.30

§ 7.30. Voting agreements

(a) Two or more members may provide for the manner in which they will vote by signing an agreement for that purpose. Such agreements may be valid for a period of up to 10 years. For public benefit corporations, such agreements must have a reasonable purpose not inconsistent with the corporation’s public or charitable purposes.

(b) A voting agreement created under this section is specifically enforceable. (Added 1995, No. 179 (Adj. Sess.), § 1, eff. Jan. 1, 1997.)