{"data":{"id":"us-vt/11c-v.s.a.-514","jurisdiction":"us-vt","citation":"11C V.S.A. § 514","heading":"Voting requirements for members","body":"If a mutual benefit enterprise has both patron and investor members, the following rules apply:\n(1) The total voting power of all patron members may not be less than a majority of the entire voting power entitled to vote.\n(2) Action on any matter is approved only upon the affirmative vote of at least a majority of:\n(A) all members voting at the meeting unless more than a majority is required by articles 4, 12, 15, and 16 of this title or the organic rules; and\n(B) votes cast by patron members unless the organic rules require a larger affirmative vote by patron members.\n(3) The organic rules may provide for the percentage of the affirmative votes that shall be cast by investor members to approve the matter.","path":["Title 11C: Mutual Benefit Enterprises","Chapter 005: Members"],"source_url":"https://legislature.vermont.gov/statutes/section/11C/005/00514","current_through":"2025 session","vintage":"","retrieved_at":"2026-09-05T16:22:57Z","sha256":"eb966624f77ca2505406f3d966fbd0829aeea4d7caa3ed9ae3a5e45a74936640","source_id":"us-vt","stale":false,"prev":"us-vt/11c-v.s.a.-513","next":"us-vt/11c-v.s.a.-515"},"notice":"GroundRules: Original legal text. Not legal advice."}