There is a newer version of the Vermont Statutes
2014 Vermont Statutes
Title 11 - Corporations, Partnerships and Associations
Chapter 7 - COOPERATIVES
Subchapter 2: THE COOPERATIVE MARKETING ACT
§ 1014 Salaries
11 V.S.A. § 1014 What's This?
§ 1014. Salaries
An association may provide a fair compensation for the time actually spent by its officers and directors in its service and for the service of the members of its executive committee. The bylaws may provide that a director or officer shall not occupy any position in the association on regular salary or substantially full time pay.
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