Vermont § 2831 - Membership; vacancies The Corporation shall be governed and all of its powers exercised by a Board of Directors consisting of 11 members
Full text of Vermont Vermont Statutes Online § 2831 — Membership; vacancies The Corporation shall be governed and all of its powers exercised by a Board of Directors consisting of 11 members, with citation guidance and answers to common questions.
§ 2831. Membership; vacancies The Corporation shall be governed and all of its powers exercised by a Board of Directors consisting of 11 members
- . The Governor shall appoint five members as follows: one
person to be the financial aid officer of an institution of postsecondary education
in the State of Vermont; one person to be a guidance counselor from a Vermont secondary
school; and three members representing the general public. In making the appointments
of the members representing the general public, the Governor shall give due consideration
to the Board’s needs for expertise and experience in the management of a financial
institution. The State Treasurer or his or her designee shall be a member. The Speaker
of the Vermont House of Representatives and the Committee on Committees of the Vermont
Senate shall each appoint one member from their respective legislative bodies to serve
on the Board. The Board shall elect three additional members. All members shall be
of full age, citizens of the United States, and residents of Vermont. All appointments
shall be for terms of six years with the exception of legislative members whose terms
shall expire at the end of six years or when their service in the Vermont General
Assembly is completed, whichever shall first occur. The date of the expiration of
the term of appointment in each case shall be June 30. Vacancies that may occur by
reason of death or resignation shall be filled in the same manner as original appointments. (Added 1965, No. 198, § 4(a), (b), (i); amended 1967, No. 131, § 2; 1989, No. 283 (Adj. Sess.), § 1; 2003, No. 86 (Adj. Sess.), § 6; 2011, No. 40, § 54, eff. May 20, 2011; 2019, No. 131 (Adj. Sess.), § 100.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 2831
What does Vermont Statutes Online § 2831 cover?
Section 2831 ("Membership; vacancies The Corporation shall be governed and all of its powers exercised by a Board of Directors consisting of 11 members") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 2831?
A common citation format is "Vermont Statutes Online § 2831" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 2831 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.