# 10 V.S.A. § 214: Members; disqualification

> Vermont · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_VT_T10_C12_S214

## Section

- **Citation:** 10 V.S.A. § 214
- **Heading:** Members; disqualification
- **Jurisdiction:** Vermont
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** VT Code / Title 10 / Chapter 12 / Section 214

## Text

A member of the Authority may not participate in any decision:

(1) under subchapter 3 of this chapter affecting a local development corporation if the member is a stockholder or member of that corporation;

(2) upon any loan under subchapter 5 of this chapter if the member is a member, director, trustee, employee, or officer of; or has any interest direct or indirect in; or owns any stock, bonds, or other liabilities issued by or authorized by the prospective mortgagor, mortgagee, or tenant;

(3) upon a bond issue under subchapter 4 of this chapter if the member is an officer or director of a bank or trust company that is a prospective purchaser of the bonds or a prospective trustee under the trust indenture securing the bonds.

## Nearby sections

- [10 V.S.A. § 210 § 210. Statutory purposes](https://www.frixlaw.com/law-library/statutes/STATE_VT_T10_C12_S210.md)
- [10 V.S.A. § 211 § 211. Legislative findings](https://www.frixlaw.com/law-library/statutes/STATE_VT_T10_C12_S211.md)
- [10 V.S.A. § 212 § 212. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_VT_T10_C12_S212.md)
- [10 V.S.A. § 213 § 213. Authority; organization](https://www.frixlaw.com/law-library/statutes/STATE_VT_T10_C12_S213.md)
- [10 V.S.A. § 214 § 214. Members; disqualification](https://www.frixlaw.com/law-library/statutes/STATE_VT_T10_C12_S214.md)
- [10 V.S.A. § 215 § 215. Manager; duties](https://www.frixlaw.com/law-library/statutes/STATE_VT_T10_C12_S215.md)
- [10 V.S.A. § 216 § 216. Authority; general powers](https://www.frixlaw.com/law-library/statutes/STATE_VT_T10_C12_S216.md)
- [10 V.S.A. § 217 § 217. Records; annual report; audit](https://www.frixlaw.com/law-library/statutes/STATE_VT_T10_C12_S217.md)
- [10 V.S.A. § 217a § 217a. Application](https://www.frixlaw.com/law-library/statutes/STATE_VT_T10_C12_S217a.md)
- [10 V.S.A. § 218 § 218. Construction](https://www.frixlaw.com/law-library/statutes/STATE_VT_T10_C12_S218.md)
- [10 V.S.A. § 219 § 219. Reserve funds](https://www.frixlaw.com/law-library/statutes/STATE_VT_T10_C12_S219.md)
- [10 V.S.A. § 220 § 220. Transfer from Indemnification Fund](https://www.frixlaw.com/law-library/statutes/STATE_VT_T10_C12_S220.md)
- [10 V.S.A. § 220a § 220a. The Vermont Jobs Fund](https://www.frixlaw.com/law-library/statutes/STATE_VT_T10_C12_S220a.md)
- [10 V.S.A. § 231 § 231. Assistance to local development corporations](https://www.frixlaw.com/law-library/statutes/STATE_VT_T10_C12_S231.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_VT_T10_C12_S214. Check the current official text before relying on it. Not legal advice.