{"data":{"id":"us-vt/11-v.s.a.-1087","jurisdiction":"us-vt","citation":"11 V.S.A. § 1087","heading":"Voting shares; bylaws; amendment of articles of organization","body":"(a) No capital stock other than membership shares shall be given voting power in a worker cooperative except as otherwise provided in this chapter or in the articles of incorporation.\n(b) Notwithstanding 11A V.S.A. § 10.20, the power to adopt, amend, or repeal bylaws of a worker cooperative shall be in the members only.\n(c) 11A V.S.A. chapter 10, subchapter 1 relating to amendments to the articles of incorporation shall be construed to limit voting on any amendment of the articles of incorporation of a worker cooperative to the members, except that amendments affecting the rights of a class of stockholders may not be adopted without the vote of such stockholders in accordance with 11A V.S.A. § 10.04.","path":["Title 11: Corporations, Partnerships and Associations","Chapter 008: Worker Cooperative Corporations"],"source_url":"https://legislature.vermont.gov/statutes/section/11/008/01087","current_through":"2025 session","vintage":"","retrieved_at":"2026-09-05T15:55:21Z","sha256":"8cd0fb8b9b12823948361e6b5ddf21777ea520300c3222b66238d75b9e86012e","source_id":"us-vt","stale":false,"prev":"us-vt/11-v.s.a.-1086","next":"us-vt/11-v.s.a.-1088"},"notice":"GroundRules: Original legal text. Not legal advice."}