Vt. Stat. tit. 11 § 841

Current through L. 2024, c. 185.
Section 841 - Voting of shares
(a) Only a qualified person may be appointed a proxy to vote shares of a professional corporation.
(b) A voting trust with respect to shares of a professional corporation is not valid unless all of its trustees and beneficiaries are qualified persons. But, if a beneficiary who is a qualified person dies or becomes disqualified, a voting trust valid under this subsection continues to be valid for ten months after the date of death or for five months after the disqualification occurred.

11 V.S.A. § 841

Added 2001, No. 77 (Adj. Sess.), § 1.