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Current as of January 01, 2024 | Updated by Findlaw Staff
When a vacancy on the board of directors occurs other than by expiration of term, the remaining members of the board shall fill the vacancy by a majority vote, unless the bylaws provide for an election of directors by districts. In such a case, the board of directors shall immediately call a special meeting of the members, or stockholders, to fill the vacancy in the district where it exists.
Cite this article: FindLaw.com - Vermont Statutes Title 11. Corporations, Partnerships and Associations, § 1010. Vacancies on board of directors - last updated January 01, 2024 | https://codes.findlaw.com/vt/title-11-corporations-partnerships-and-associations/vt-st-tit-11-sect-1010/
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