reglab/housing_qa huggingface dataset:
11 V.S.A. § 1028
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 7 - Cooperatives|§ 1028. Application to existing corporations

§ 1028. Application to existing corporations|By a majority vote of its directors, and the vote in meeting assembled of the holders of two-thirds of the outstanding stock, or, if the stock is divided into classes, by the vote of the holders of two-thirds of each class of outstanding stock, a corporation or association, organized under previously existing statutes, may be brought under the provisions of this subchapter by limiting its membership and adopting the other restrictions as provided herein. It shall make out in duplicate a statement signed and sworn to by a majority of its directors to the effect that the corporation or association, by a majority vote of the directors, and the vote in meeting assembled of the holders of two-thirds of the outstanding stock, or, if the stock is divided into classes, by the vote of the holders of two-thirds of each class of outstanding stock, has decided to accept the benefits and be bound by the provisions of this subchapter and has authorized all changes accordingly. Articles of incorporation shall be filed as required in section 995 of this title, except that they shall be signed by the members of the then board of directors. The filing fee shall be the same as for filing an amendment to the certificate of organization.
11 V.S.A. § 1029
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 7 - Cooperatives|§ 1029. Soliciting breach of contract

§ 1029. Soliciting breach of contract|A person or corporation whose officers or employees knowingly induce or attempt to induce a member or stockholder of an association organized hereunder, or organized under similar statutes of other states, with similar restrictions and rights and operating in this State by legal authority, to breach his marketing contract with the association, or who maliciously and knowingly spreads false reports about the finances or management or activity thereof, shall be fined not less than $100.00 nor more than $1,000.00, and shall be liable to the association aggrieved in a civil suit in the penal sum of $500.00 for each offense.
11 V.S.A. § 1030
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 7 - Cooperatives|§ 1030. Conspiracies or combinations in restraint of trade

§ 1030. Conspiracies or combinations in restraint of trade|An association organized under this subchapter and complying with the terms hereof shall not be deemed to be a conspiracy or a combination in restraint of trade or an illegal monopoly or an attempt to lessen competition, or to fix prices arbitrarily. The marketing contracts and agreements between the association and its members and any agreements authorized in this subchapter shall not be deemed illegal as such or in unlawful restraint of trade or as a part of a conspiracy or combination to accomplish an improper or illegal purpose.
11 V.S.A. § 1031
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 7 - Cooperatives|§ 1031. Penalties

§ 1031. Penalties|An officer or director who shall subscribe or make oath to any certificate provided for in sections 995 and 996 of this title, which shall contain a false statement, known by such person to be false or who shall do any act relative to the issue of capital stock which is not permitted by section 1015 of this title, or who shall make or publish any financial statement which he or she knows does not comply with the provisions of such sections, shall be fined not more than $5,000.00, or imprisoned not more than five years, or both, and shall also be individually liable to a stockholder of the association or other person for damage caused by reason thereof.
11 V.S.A. § 1062
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 7 - Cooperatives|§ 1062. Filing of articles

§ 1062. Filing of articles|The articles of merger or consolidation, or a duplicate original thereof, or a copy duly certified by the clerk or secretary of the consolidating cooperative or the new cooperative, shall be filed in the Office of the Secretary of State of this State and with the Secretary of Agriculture, Food and Markets, and if the same affects title to real estate in this State, shall be recorded in the office where by law a deed of such real estate is required to be recorded. The making and perfecting of such merger or consolidation shall not be effective until the same is filed in the Office of the Secretary of State as herein provided, and in the case of the new cooperative, if the same is to have capital stock, until it has filed an affidavit of the proposed issue of its stock. (Amended 2003, No. 42, § 2, eff. May 27, 2003.)
11 V.S.A. § 1063
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 7 - Cooperatives|§ 1063. Fee

§ 1063. Fee|For filing articles of merger or consolidation the new cooperative shall pay $20.00 to the Secretary of State; and for filing an amendment thereof $10.00. (Amended 1963, No. 37, § 5; 1967, No. 278 (Adj. Sess.), § 8.)
11 V.S.A. § 1064
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 7 - Cooperatives|§ 1064. Powers

§ 1064. Powers|The new cooperative, in addition to the general powers of cooperative associations granted by subchapter 1 of this chapter, shall possess and enjoy all the rights, privileges, powers, franchises, immunities, exemptions, and benefits of each of the consolidating cooperatives, and may exercise the same in this State, unless contrary to law, as effectually as each of the consolidating cooperatives. The title to any real estate or personal property vested in the consolidating cooperatives, under the laws of this State shall pass to and be vested in the new cooperative upon the recording of the articles of merger or consolidation in the office where by law a deed thereof should be recorded, and shall not revert, or be in any way impaired, by reason of such merger or consolidation.
11 V.S.A. § 1065
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 7 - Cooperatives|§ 1065. Preservation of rights and liabilities

§ 1065. Preservation of rights and liabilities|All rights of creditors and liens upon the property of the consolidating cooperatives shall be preserved unimpaired; and all debts, liabilities, and duties of each consolidating cooperative shall thenceforth become the obligation of the new cooperative and may be enforced against the latter to the same extent as if the obligations and liabilities had been incurred or contracted by it. (Amended 1971, No. 185 (Adj. Sess.), § 28, eff. March 29, 1972.)
11 V.S.A. § 1081
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 8 - Worker Cooperative Corporations|§ 1081. Short title

§ 1081. Short title|This chapter shall be known and may be cited as the Worker Cooperative Corporations Act. (Added 1985, No. 46, § 1.)
11 V.S.A. § 1082
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 8 - Worker Cooperative Corporations|§ 1082. Definitions

§ 1082. Definitions|As used in this chapter, unless the context clearly requires otherwise, the term:  (1) "Worker cooperative" means a corporation which has elected to be governed by this chapter. (2) "Person" means a natural person. (3) "Member" means a person who has been accepted for membership in, and owns a membership share issued by, a worker cooperative. (4) "Membership share" means a share of voting stock issued to each member of a worker cooperative as evidence of membership. (5) "Membership fee" means the consideration paid for a membership share. (6) "Patronage" means the amount of work performed as a member of a worker cooperative, measured in accordance with the articles of association or bylaws. (7) "Written notice of allocation" means a written instrument which discloses to a member the stated dollar amount of that member's patronage allocation and the terms for payment of that amount by the worker cooperative. (8) "Internal capital accounts" means a system of accounts on the books of a worker cooperative that reflects the book value of the corporation. (9) "Individual capital accounts" means internal capital accounts that represent the portion of the net book value of the corporation attributable to each member. (10) "Collective account" means an internal capital account that represents the portion of the net book value of the corporation attributable to the cooperative. (11) "Internal capital account cooperative" means a worker cooperative governed in accordance with section 1090 of this chapter. (Added 1985, No. 46, § 1.)
11 V.S.A. § 1083
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 8 - Worker Cooperative Corporations|§ 1083. Corporations organized under chapter 17; election to be governed as worker cooperative

§ 1083. Corporations organized under chapter 17; election to be governed as worker cooperative|Any corporation organized under chapter 17 of this title may elect to be governed as a worker cooperative under the provisions of this chapter, by so stating in its articles of association or articles of amendment filed in accordance with chapter 17. (Added 1985, No. 46, § 1.)
11 V.S.A. § 1084
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 8 - Worker Cooperative Corporations|§ 1084. Revocation of election

§ 1084. Revocation of election|A worker cooperative may revoke its election under this chapter by a vote of majority of the members and through articles of amendment filed in accordance with subchapter 7 of chapter 17 of this title. (Added 1985, No. 46, § 1.)
11 V.S.A. § 1085
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 8 - Worker Cooperative Corporations|§ 1085. Corporate name

§ 1085. Corporate name|A worker cooperative may include the word "cooperative" or any abbreviation of that word in its corporate title. (Added 1985, No. 46, § 1.)
11 V.S.A. § 1086
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 8 - Worker Cooperative Corporations|§ 1086. Members' membership shares; fees; rights and responsibilities

§ 1086. Members' membership shares; fees; rights and responsibilities|(a) The articles of association or the bylaws shall establish qualifications and the method of acceptance of members. No person may be accepted as a member unless employed by the worker cooperative on a regular full-time or a part-time basis. The membership of a worker cooperative shall constitute at least fifty and one-tenth percent of the regular, full and part-time work force.(b) A worker cooperative shall issue a class of voting stock designated as "membership shares." Each member shall own only one such membership share, and only members may own such shares.(c) Membership shares shall be issued for a fee determined from time to time by the directors. A worker cooperative may allow for payment of such fee by payroll deduction, installments, or similar methods. A membership share may be issued to a person upon acceptance for membership regardless of whether the membership fee is fully paid.(d) Sections 1864, 1866(b), (d), 1869(a), 1870, and 1872 of this title shall not apply to membership shares. Sections 2003 and 2004 of this title shall not apply to membership shares whose redemption price is determined by reference to internal capital accounts.(e) Members of a worker cooperative shall have all the rights and responsibilities of stockholders as a corporation organized under chapter 17 of this title, except as otherwise provided in this chapter. (Added 1985, No. 46, § 1.)
11 V.S.A. § 1087
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 8 - Worker Cooperative Corporations|§ 1087. Voting shares; bylaws; amendment of articles of organization

§ 1087. Voting shares; bylaws; amendment of articles of organization|(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 association.(b) Notwithstanding the provisions of section 1873 of this title and other provisions of law relating to bylaws, the power to adopt, amend, or repeal bylaws of a worker cooperative shall be in the members only, except to the extent that directors are authorized by section 1873 of this title to adopt, amend, or repeal the bylaws.(c) Subchapter 7 of chapter 17 relating to amendments to the articles of association shall be construed to limit voting on any amendment of the articles of association of a worker cooperative to the members, except that amendments affecting the rights of a class of stockholders as defined in section 1933 of this title may not be adopted without the vote of such stockholders in accordance with that section. (Added 1985, No. 46, § 1.)
11 V.S.A. § 1088
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 8 - Worker Cooperative Corporations|§ 1088. Net earnings or losses; apportionment, distribution, and payment

§ 1088. Net earnings or losses; apportionment, distribution, and payment|(a) The net earnings or losses of a worker cooperative shall be apportioned and distributed at such times and in such manner as the articles of association or bylaws shall specify. Net earnings declared as patronage allocations with respect to a period of time, and paid or credited to members, and net losses allocated to members with respect to a period of time shall be apportioned among the members in accordance with the ratio which each member's patronage during the period involved bears to total patronage by all members during that period.(b) The apportionment, distribution, and payment of net earnings required by this section may be in cash, credits, written notices of allocation, or capital stock issued by the worker cooperative. (Added 1985, No. 46, § 1.)
11 V.S.A. § 1089
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 8 - Worker Cooperative Corporations|§ 1089. Directors; officers

§ 1089. Directors; officers|(a) The bylaws of a worker cooperative shall provide for the election, terms, classifications, if any, and removal of directors and officers in accordance with the provisions of this chapter or the provisions of chapter 17 of this title.(b) Nonmembers may serve as directors or officers of a worker cooperative but at no time shall there be a majority of nonmember directors.(c) Vacancies in director positions resulting from death, resignation, or removal shall be filled by vote of the member directors or by vote of the members. (Added 1985, No. 46, § 1.)
11 V.S.A. § 1090
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 8 - Worker Cooperative Corporations|§ 1090. Internal capital accounts; recall or redemption of shares; interest; collective reserve account

§ 1090. Internal capital accounts; recall or redemption of shares; interest; collective reserve account|(a) A worker cooperative may provide in its bylaws that it shall operate as an internal capital account cooperative. Any worker cooperative may establish through its articles of association or bylaws a system of internal capital accounts, to reflect the book value and to determine the redemption price of membership shares, capital stock, and written notices of allocation.(b) The articles of association or bylaws of a worker cooperative may permit the periodic redemption of written notices of allocation and capital stock, and must provide for recall and redemption of the membership share upon termination of membership in the cooperative. No redemption shall be made if such redemption would result in the liability of any director or officer of the worker cooperative under section 1891 of this title.(c) The articles of association or bylaws may provide for the worker cooperative to pay or credit interest on the balance in each member's internal capital account.(d) The articles of association or bylaws may authorize assignment of a portion of retained net earnings and net losses to a collective account. Earnings assigned to the collective account may be used for any and all corporate purposes as determined by the board of directors. (Added 1985, No. 46, § 1.)
11 V.S.A. § 1091
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 8 - Worker Cooperative Corporations|§ 1091. Internal capital account cooperatives

§ 1091. Internal capital account cooperatives|(a) An internal capital account cooperative is a worker cooperative whose entire net book value is reflected in internal capital accounts, one for each member, and a collective account, and in which no persons other than members own capital stock. In an internal capital account cooperative, each member shall have one and only one vote in any matter requiring voting by stockholders.(b) An internal capital account cooperative shall credit the paid-in membership fee and additional paid-in capital of a member to the member's internal capital account, and shall also record the apportionment of retained net earnings or net losses to the members in accordance with patronage by appropriately crediting or debiting the internal capital accounts of members. The collective account in an internal capital account cooperative shall reflect any paid-in capital, net losses, and retained net earnings not allocated to individual members.(c) In an internal capital account cooperative, the balances in all the individual internal capital accounts and collective account, if any, shall be adjusted at the end of each accounting period so that the sum of the balances is equal to the net book value of the worker cooperative. (Added 1985, No. 46, § 1.)
11 V.S.A. § 1092
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 8 - Worker Cooperative Corporations|§ 1092. Conversion of membership shares and internal capital accounts upon revocation of election; consolidation or merger

§ 1092. Conversion of membership shares and internal capital accounts upon revocation of election; consolidation or merger|(a) If any worker cooperative revokes its election in accordance with section 1084 of this title, the articles of association or articles of amendment shall provide for conversion of membership shares and internal capital accounts or their conversion to securities or other property in a manner consistent with chapter 17 of this title.(b) A worker cooperative may not consolidate or merge with another corporation unless the corporation which results from such merger or consolidation is a worker cooperative. All such mergers and consolidations shall be in accordance with subchapter 9 of chapter 17 of this title. (Added 1985, No. 46, § 1.)
11 V.S.A. § 1471
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 13 - Religious Societies|§ 1471. Notice of meeting to provide for repairs

§ 1471. Notice of meeting to provide for repairs|When a building owned and used as a house of public worship needs repairs, and the owners are not a corporation or incorporated association, or have not the power by their charter or articles of association to repair such building, any three persons who are owners of such house may call a meeting of those who are proprietors or pew owners. At least 15 days before such meeting, such owners shall post a notice upon the door of such house, setting forth the time when it will be held and the business to be transacted, and they shall also cause such notice to be published three weeks successively in a newspaper circulating in the town where such house of worship is situated, the last of which publications shall be at least two weeks prior to such meeting.
11 V.S.A. § 1472
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 13 - Religious Societies|§ 1472. Organization of meeting

§ 1472. Organization of meeting|At the time appointed, such meeting shall be organized by the election of a chair and a secretary. (Amended 2013, No. 161 (Adj. Sess.), § 72.)
11 V.S.A. § 1473
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 13 - Religious Societies|§ 1473. Voting and assessment

§ 1473. Voting and assessment|Owners of pews shall have one vote for each pew. At the meeting, a committee of three shall be elected by ballot, who shall appraise each interest and establish the proportion each interest shall bear to the whole. The charges for such repairs shall be assessed upon the interest of each proprietor agreeably to such proportion.
11 V.S.A. § 1474
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 13 - Religious Societies|§ 1474. Assessment of pews

§ 1474. Assessment of pews|At such meeting, the majority of such owners or proprietors may assess the pews in such house for defraying the expenses of repairing the house, and direct and make such repairs as the majority deem necessary.
11 V.S.A. § 1475
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 13 - Religious Societies|§ 1475. Sale of pews for nonpayment

§ 1475. Sale of pews for nonpayment|When the owner or occupant of a pew so assessed does not pay the assessment to the person authorized by the meeting to collect the same, upon three weeks' notice and demand made after the completion of the repairs, which notice and demand shall be made either in person or by publishing the same for three weeks successively in some daily or weekly newspaper of general circulation in the town where such house of public worship is situated, such collector may sell the pew of such delinquent person at public auction to the highest bidder, upon giving notice thereof as is provided in section 1471 of this title. The balance of the proceeds arising from the sale, if any, after the payment of assessments, expenses of advertising, and fees equal to those allowed by law for the collection of an execution, shall be paid to the owner of the pew so sold.
11 V.S.A. § 1476
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 13 - Religious Societies|§ 1476. Redemption

§ 1476. Redemption|Within six months after the sale, the owner or occupant may redeem the property by paying to the person entitled to receive the same, the purchase price with accrued interest. If such property is not redeemed, the collector shall thereupon execute and deliver to the purchaser a deed of such pew, which deed, when recorded, shall convey to the purchaser a title thereto.
11 V.S.A. § 1501
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 13 - Religious Societies|§ 1501. Procedure

§ 1501. Procedure|The word "persons" as used in sections 42 and 1925 of this title shall apply to and include churches and religious or ecclesiastical corporations or societies. Churches and religious or ecclesiastical corporations or societies desiring to unite and form a corporation under the provisions of chapters 1 and 17 of this title shall hold meetings of their members to vote upon the question. Notices of such meetings and of the fact that the question of forming a corporation under the terms of such chapters is to be considered thereat shall be sent to all of the members of such churches, societies, or corporations. Voting at such meetings may be in person or by proxy, and a majority of the votes cast at such a meeting shall be necessary to determine the question of forming a corporation.