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Vermont Statutes Title 11. Corporations, Partnerships and Associations, § 1014. Salaries

Current as of January 01, 2024 | Updated by Findlaw Staff

An association may provide a fair compensation for the time actually spent by its officers and directors in its service and for the service of the members of its executive committee. The bylaws may provide that a director or officer shall not occupy any position in the association on regular salary or substantially full time pay.

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Cite this article: FindLaw.com - Vermont Statutes Title 11. Corporations, Partnerships and Associations, § 1014. Salaries - last updated January 01, 2024 | https://codes.findlaw.com/vt/title-11-corporations-partnerships-and-associations/vt-st-tit-11-sect-1014/

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