™Your Policy Risk Impact Agent
17 chapters · 216 sections in this title.
11A V.S.A. ch. 008, § 8.60 Definitions
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§ 8.60. Definitions For purposes of this subchapter: (1) “Control” including the term “controlled by” means: (A) having the power, directly or indirectly, to elect or remove a majority of the members of the board of directors or other governing body of an entity whether through t…
11A V.S.A. ch. 008, § 8.61 Judicial action
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§ 8.61. Judicial action (a) A transaction effected or proposed to be effected by the corporation, or by an entity controlled by the corporation, may not be the subject of equitable relief, or give rise to an award of damages or other sanctions against a director of the corporatio…
11A V.S.A. ch. 008, § 8.62 Directors’ action
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§ 8.62. Directors’ action (a) Directors’ action respecting a director’s conflicting interest transaction is effective for purposes of subdivision 8.61(b)(1) of this title if the transaction has been authorized by the affirmative vote of a majority, but no fewer than two, of the q…
11A V.S.A. ch. 008, § 8.63 Shareholders’ action
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§ 8.63. Shareholders’ action (a) Shareholders’ action respecting a director’s conflicting interest transaction is effective for purposes of subdivision 8.61(b)(2) of this title if a majority of the votes cast by the holders of all qualified shares is in favor of the transaction a…