GroundRules
11 V.S.A. § 1017: Preferred stock
Where this section sits in the code
- Title 11: Corporations, Partnerships and Associations
- Chapter 007: General Cooperative Corporations and Cooperative Associations
- Subchapter 002: THE COOPERATIVE MARKETING ACT; COOPERATIVE ASSOCIATIONS
An association organized with stock may issue preferred stock but such stock shall have no voting privileges. Such stock may be issued on such terms and with such preferences as the board of directors may determine and may be sold to any person, member or nonmember, and may be redeemable or retirable by the association on such terms and conditions as may be provided in the certificate of organization and printed on the face of the stock certificate.
Collected 2026-09-05T15:54:51Z. Source file · JSON