reglab/housing_qa huggingface dataset:
11 V.S.A. § 1502
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 13 - Religious Societies|§ 1502. Signing and filing of articles

§ 1502. Signing and filing of articles|In case it is voted to form a new corporation, a church, or religious or ecclesiastical corporation or society so voting, at the meeting when such vote is taken, shall authorize the secretary of such corporation or society to sign the name of such corporation or society to the articles of association of such new corporation. There shall be filed with the articles of association of such new corporation an attested copy of the minutes of the meeting of each corporation or society at which it was voted to form such new corporation. Upon the filing of the articles of association in the Office of the Secretary of State as required by section 1927 of this title, all rights, title, and interest of each church or religious or ecclesiastical corporation or society signing such articles of association shall vest in such new corporation.
11 V.S.A. § 1531
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 13 - Religious Societies|§ 1531. Petition for dissolution

§ 1531. Petition for dissolution|When five members of a corporation or society created for the support of the gospel and the maintenance of public worship, or to procure, hold, and keep in repair a house of public worship, or a parsonage, or for all or any of such purposes, desire to dissolve or move such corporation or society, they may apply by petition in writing to the Superior Court in the county in which the corporation or society is located. Such petition, with a citation, shall be served on such corporation or society like a summons. (Amended 1973, No. 193 (Adj. Sess.), § 3, eff. April 9, 1974.)
11 V.S.A. § 1532
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 13 - Religious Societies|§ 1532. Recognizance

§ 1532. Recognizance|Before issuing the citation the petitioners shall cause some other person to recognize to such corporation or society in not less than $500.00, to the satisfaction of the clerk of the court, conditioned that the petitioners will prosecute their petition to effect, and answer the damages and costs if judgment is rendered against them. A minute of the recognizance, with the name of the surety and the sum in which he or she is bound, shall be made upon the citation at the time of signing the same, and signed by the clerk. If such citation is otherwise issued, on motion it shall abate.
11 V.S.A. § 1533
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 13 - Religious Societies|§ 1533. Opposing petition

§ 1533. Opposing petition|When such petition is brought, members of the corporation or society may appear and defend in the name of such corporation or society, by filing a bond with the clerk in the penal sum of not less than $500.00, conditioned for the payment of the costs which the petitioners may recover against such corporation or society.
11 V.S.A. § 1534
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 13 - Religious Societies|§ 1534. Appointment of commissioners, hearing

§ 1534. Appointment of commissioners, hearing|If sufficient cause is shown, the court shall appoint three disinterested persons as commissioners, who shall fix a time and place for hearing, and give reasonable notice thereof to those who defend. If, at the time of giving such notice, a person has not entered to defend, the commissioners shall give notice of such hearing by posting a notice thereof, at least 14 days before such hearing, in three or more public places in the town in which such corporation or society is located. (Amended 2017, No. 11, § 13.)
11 V.S.A. § 1535
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 13 - Religious Societies|§ 1535. Report and judgment

§ 1535. Report and judgment|When, upon such hearing, it appears to be for the best interests of a majority of the members of such corporation or society or the persons interested therein, that the same should be dissolved or moved, and that the property should be divided among the owners thereof, or that such property should be sold and the proceeds divided, the commissioners shall so report to the court within 30 days of their determination of the matter. The court shall thereupon render judgment in accordance with the facts found, and that such corporation or society is dissolved, and that the property belonging to it, whether real or personal, shall be divided or sold, and its proceeds divided among the owners thereof, or the persons interested therein, as to the court seems just, and for the petitioners to recover their costs, if defense is made to such petition. If defense is not made, the petitioners shall pay the costs, and the court shall so order.
11 V.S.A. § 1536
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 13 - Religious Societies|§ 1536. Further proceedings

§ 1536. Further proceedings|If no appeal is taken, the court shall issue its order directing the commissioners forthwith to carry out the provisions of such judgment and make return of their doings thereon to the clerk of the court and to the town clerk of the town where such corporation is located, and cause the same to be there recorded.
11 V.S.A. § 1537
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 13 - Religious Societies|§ 1537. Commissioner's fees; costs

§ 1537. Commissioner's fees; costs|Each commissioner shall receive $2.00 a day for his or her services and necessary expenses, to be paid by the State as in case of other commissioners appointed by the Superior Court. All other costs incurred shall be taxed as costs are taxed in hearings before a referee in civil causes, and the court shall tax costs as seem just. (Amended 1973, No. 193 (Adj. Sess.), § 3, eff. April 9, 1974.)
11 V.S.A. § 1571
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 13 - Religious Societies|§ 1571. Authority to act as trustee

§ 1571. Authority to act as trustee|A religious state convention organized under the laws of this State is hereby authorized to act as trustee under deeds, wills, or otherwise when such convention is a beneficiary under the trust.
11 V.S.A. § 1581
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 14 - Cooperative Housing Ownership Act|§ 1581. Short title

§ 1581. Short title|This chapter shall be known as the "Cooperative Housing Ownership Act."  (Added 1987, No. 254 (Adj. Sess.), § 1, eff. June 16, 1988.)
11 V.S.A. § 1582
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 14 - Cooperative Housing Ownership Act|§ 1582. Purpose

§ 1582. Purpose|The purpose of this chapter is to foster creation and preservation of affordable housing in Vermont by enabling individuals to form cooperative housing corporations, including limited equity cooperatives, for the purpose of developing, acquiring, owning, and operating housing on a cooperative basis, and by encouraging lending institutions to engage in financing of cooperative housing ownership interests. (Added 1987, No. 254 (Adj. Sess.), § 1, eff. June 16, 1988.)
11 V.S.A. § 1583
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 14 - Cooperative Housing Ownership Act|§ 1583. Definitions

§ 1583. Definitions|The definitions contained in chapter 17 of this title shall apply to this chapter. As used in this chapter, the following terms shall have the meanings indicated, unless the context otherwise requires:  (1) "Conversion" means a change in character of residential real property from a rental to an ownership basis. Creation of a cooperative housing corporation to own property formerly rented for dwelling purposes is deemed to be such a change in character. (2) "Cooperative housing corporation" means a domestic corporation which has elected to be governed by the provisions of this chapter. (3) "Cooperative interest" means the ownership interest in a cooperative housing corporation which is evidenced by a membership share. (4) "Cooperative property" means all the real and personal property, including mobile and manufactured homes, in this state owned or leased by a cooperative housing corporation for the primary purpose of residential use. (5) "Low income" means having income that is less than or equal to 80 percent of median income for the area, adjusted for family size, in accordance with federal standards generally accepted at the time of incorporation and comparable to standards of the U.S. Department of Housing and Urban Development existing on June 16, 1988. (6) "Moderate income" means less than or equal to 100 percent of median income for the area, adjusted for family size, in accordance with standards generally accepted at the time of incorporation and comparable to standards of the U.S. Department of Housing and Urban Development existing on June 16, 1988. (7) "Lender" includes banks, the Vermont Housing Finance Agency, and other financial institutions. (8) "Limited equity cooperative" means a cooperative housing corporation, organized in accordance with section 1598 of this title. (9) "Limited equity formula" means a rule or method for determining the transfer value of a share in a limited equity cooperative. (10) "Member" means a person who owns a cooperative interest, and who is entitled to voting rights as prescribed in section 1594 of this title. (11) "Proprietary lease" means an agreement with a cooperative housing corporation governing a member's right to occupancy, under which a member has an exclusive possessory interest in a unit. (12) "Resident" means any occupant of space owned by the cooperative housing corporation. (13) "Share loan" means an agreement entered into by a member and a lender to finance the member's acquisition of his or her cooperative interest. (14) "Subscription agreement" means a written agreement between a prospective member and a cooperative housing corporation for the purchase and sale of a cooperative interest. (15) "Unit" means a portion of the cooperative property leased for exclusive occupancy by a member under a proprietary lease, or leased to a tenant by lease agreement. (Added 1987, No. 254 (Adj. Sess.), § 1, eff. June 16, 1988.)
11 V.S.A. § 1584
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 14 - Cooperative Housing Ownership Act|§ 1584. Application

§ 1584. Application|Any corporation organized under chapter 17 of this title may elect to be governed as a cooperative housing corporation under the provisions of this chapter. (Added 1987, No. 254 (Adj. Sess.), § 1, eff. June 16, 1988.)
11 V.S.A. § 1585
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 14 - Cooperative Housing Ownership Act|§ 1585. Name; use of "cooperative"

§ 1585. Name; use of "cooperative"|The use of the terms "cooperative housing," "housing cooperative," or "cooperative apartments," or any variants thereof in identification of dwelling units is reserved to cooperative housing corporations organized under this chapter. Except as allowed by section 981 of this title, use of those terms, or any variants thereof, by any other person is prohibited. (Added 1987, No. 254 (Adj. Sess.), § 1, eff. June 16, 1988.)
11 V.S.A. § 1586
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 14 - Cooperative Housing Ownership Act|§ 1586. Property classification of cooperative interest

§ 1586. Property classification of cooperative interest|(a) A cooperative interest is personal property.(b) The possessory interest evidenced by a proprietary lease is a part of and may not be severed from a cooperative interest. (Added 1987, No. 254 (Adj. Sess.), § 1, eff. June 16, 1988.)
11 V.S.A. § 1587
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 14 - Cooperative Housing Ownership Act|§ 1587. Perfection of security interests in cooperative interests

§ 1587. Perfection of security interests in cooperative interests|(a) A security interest in a cooperative interest shall attach, be perfected, and be enforceable as provided in 9A V.S.A. Article 9.(b) On request of a secured party, a cooperative housing corporation shall note on its books and records the interest of the secured party in a cooperative interest. No such request or notation is required in order to perfect a security interest in a cooperative interest. (Added 1987, No. 254 (Adj. Sess.), § 1, eff. June 16, 1988.)
11 V.S.A. § 1588
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 14 - Cooperative Housing Ownership Act|§ 1588. Articles of association; minimum requirements

§ 1588. Articles of association; minimum requirements|Articles of association of cooperative housing corporations shall contain the following provisions in addition to those required by chapter 17 of this title:  (1) a statement that the cooperative housing corporation shall have only one class of stock; (2) a statement of restrictions, if any, upon transfer of shares; (3) the rate of dividend, if any, allocable to membership shares which shall not exceed six percent per annum on invested capital; (4) reservation of the right of the cooperative housing corporation to acquire membership shares; (5) basis of distribution of assets in event of dissolution; (6) the method of allocation of ownership and voting interests in the cooperative housing corporation; and (7) the conditions, if any, under which the cooperative housing corporation shall have a right of first refusal upon proposed transfer of cooperative interests. (Added 1987, No. 254 (Adj. Sess.), § 1, eff. June 16, 1988.)
11 V.S.A. § 1589
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 14 - Cooperative Housing Ownership Act|§ 1589. Subscriptions for membership prior to organization; organization meeting

§ 1589. Subscriptions for membership prior to organization; organization meeting|(a) Within two years after issuance of the certificate of incorporation of a cooperative housing corporation, the cooperative housing corporation shall secure memberships or subscription agreements representing no less than 80 percent of the units in the cooperative housing corporation. In the case of a conversion, other than a conversion of a mobile home park, subscription agreements representing no less than 50 percent of the units in the proposed cooperative housing corporation shall be secured prior to issuance of the certificate of incorporation, provided that at the expiration of the two-year period after issuance of the certificate of incorporation or at the expiration of the notice periods provided to tenants at 27 V.S.A. § 1333, whichever comes later, no fewer than 80 percent of the units in the cooperative housing corporation shall be occupied by members, occupied by sublessees permitted under subdivision 1599(1) of this title, or subject to subscription agreements. In the case of a conversion of a mobile home park, subscription agreements representing no fewer than 25 percent of the units in a proposed cooperative housing corporation shall be secured prior to issuance of the certificate of incorporation, provided that at the expiration of the two-year period after issuance of the certificate of incorporation or at the expiration of the notice periods provided to tenants pursuant to 27 V.S.A. § 1333, whichever comes later, no fewer than 80 percent of the units in the cooperative housing corporation shall be occupied by members, occupied by sublessees permitted under subdivision 1599(1) of this title, or subject to subscription agreements. Extensions of the time limits imposed by this section may be granted by the Commissioner of Housing and Community Affairs for cooperative housing corporations containing more than 50 units or for cooperative housing corporations formed in connection with the conversion of a mobile home park.(b) Within six months after the first conveyance of a share to a member, an organization meeting of the cooperative housing corporation shall be held for the purpose of adopting bylaws, electing officers and transacting such other business as may come before the meeting. (Added 1987, No. 254 (Adj. Sess.), § 1, eff. June 16, 1988; amended 2005, No. 116 (Adj. Sess.), § 2, eff. April 26, 2006.)
11 V.S.A. § 1590
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 14 - Cooperative Housing Ownership Act|§ 1590. Minimum occupancy requirement

§ 1590. Minimum occupancy requirement|Subject to the provisions of section 1589 of this title, at least 80 percent of a cooperative housing corporation's occupied units shall be occupied by members. (Added 1987, No. 254 (Adj. Sess.), § 1, eff. June 16, 1988.)
11 V.S.A. § 1591
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 14 - Cooperative Housing Ownership Act|§ 1591. Membership

§ 1591. Membership|(a) A cooperative housing corporation shall be organized on a membership basis with capital stock.(b) A cooperative housing corporation shall have one class of stock and, therefore, one class of members, all of whom must be residents except as provided in subdivision 1599(1) of this title. The designation, qualifications, requirements, method of acceptance, and incidents of membership shall be set forth in the articles of association or the bylaws.(c) No member may transfer his or her membership except as permitted in the articles of association or the bylaws.(d) The bylaws may provide for termination of membership and the conditions and terms thereof. (Added 1987, No. 254 (Adj. Sess.), § 1, eff. June 16, 1988.)
11 V.S.A. § 1592
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 14 - Cooperative Housing Ownership Act|§ 1592. Bylaws; minimum requirements

§ 1592. Bylaws; minimum requirements|The bylaws of a cooperative housing corporation shall contain procedures under which the cooperative housing corporation's possessory remedy shall be pursued in the event of a member's default and the rights of the defaulting member, in accordance with subdivision 1599(3) of this title. (Added 1987, No. 254 (Adj. Sess.), § 1, eff. June 16, 1988.)
11 V.S.A. § 1593
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 14 - Cooperative Housing Ownership Act|§ 1593. Membership shares; requirements

§ 1593. Membership shares; requirements|A cooperative housing corporation shall issue shares to its members as evidence of their ownership of a cooperative interest. Such shares shall be in a form prescribed in the articles of association or bylaws of the cooperative housing corporation. Restrictions upon transfer of shares shall be noted on the face of the certificates representing shares. No membership shares shall be issued under this section and no proprietary leases shall be issued under section 1599 of this title prior to issuance of a certificate of incorporation as a cooperative housing corporation. (Added 1987, No. 254 (Adj. Sess.), § 1, eff. June 16, 1988.)
11 V.S.A. § 1594
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 14 - Cooperative Housing Ownership Act|§ 1594. Voting

§ 1594. Voting|(a) The votes in a cooperative housing corporation shall be assigned so that each member has one vote.(b) Voting authority may not be assigned to nonresidents.(c) Nonmembers may be elected by the membership of the cooperative housing corporation to serve on the board of directors of the cooperative housing corporation, provided that no more than one-third of the directors may be nonmembers.(d) Voting by proxy may be permitted in cooperative housing corporations, provided that proxies are assigned to members and that no more than one proxy may be voted by any member on any question.(e) Voting by early voter absentee ballots may be permitted in cooperative housing corporations.(f) Notwithstanding subsection (a) of this section, a cooperative housing corporation not organized as a limited equity cooperative pursuant to section 1598 of this title may adopt in its articles of association or bylaws, a voting scheme other than one vote per member, except that decisions to merge a cooperative housing corporation with another entity, dissolve it, or amend its articles of association or bylaws shall be made on the basis of one vote per member. (Added 1987, No. 254 (Adj. Sess.), § 1, eff. June 16, 1988; amended 2001, No. 6, § 12(a), eff. April 10, 2001.)
11 V.S.A. § 1595
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 14 - Cooperative Housing Ownership Act|§ 1595. Meetings; notice; quorum

§ 1595. Meetings; notice; quorum|(a) Each cooperative housing corporation shall provide in its bylaws for one or more regular membership meetings annually.(b) Special membership meetings may be called by the president or the board of directors, and shall be called upon receipt by the board of a petition signed by at least ten percent of the cooperative housing corporation's members.(c) Written notice of a meeting, stating the time, date, location, and purpose of the meeting, shall be mailed to each member not less than seven days prior to the meeting, by those authorized to call the meeting. A signed waiver is equivalent to notice to the member signing.(d) No less than a majority of a cooperative housing corporation's members shall constitute a quorum, except that the bylaws may provide for a lesser quorum requirement for cooperative housing corporations with more than 50 units, but in no event shall the quorum be less than 20 percent. (Added 1987, No. 254 (Adj. Sess.), § 1, eff. June 16, 1988.)
11 V.S.A. § 1596
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 14 - Cooperative Housing Ownership Act|§ 1596. Directors; election; removal

§ 1596. Directors; election; removal|(a) The business of the cooperative housing corporation shall be managed by a board of directors of not less than three individuals, elected by the members from their own number, except as provided in subsection 1594(c) of this title.(b) In cooperative housing corporations with less than 20 members, the bylaws may provide that the members shall constitute the board of directors.(c) Directors may be removed from office for cause shown, by a two-thirds vote of the board of directors at a meeting duly convened for this purpose. Directors may be removed from office without cause, by no less than a majority vote of the cooperative housing corporation's members at a meeting duly convened for this purpose. (Added 1987, No. 254 (Adj. Sess.), § 1, eff. June 16, 1988.)
11 V.S.A. § 1597
2021 Vermont Statutes|Title 11 - Corporations, Partnerships and Associations|Chapter 14 - Cooperative Housing Ownership Act|§ 1597. Merger; consolidation

§ 1597. Merger; consolidation|Cooperative housing corporations shall not engage in mergers or consolidation if such action is undertaken for the purpose of circumventing section 1598, 1602, 1603, 1606, or 1607 of this title. (Added 1987, No. 254 (Adj. Sess.), § 1, eff. June 16, 1988.)