§ 563 - Conformity with articles of association - Vermont Statutes

§ 563. Conformity with articles of association

The provisions of sections 561 and 562 of this title shall not apply to any corporation to the extent that a court of competent jurisdiction shall determine that such application would be contrary to the terms of the articles of organization or other instrument governing such corporation or governing the administration of charitable funds held by it and that the same may not properly be changed to conform to such sections. (1971, No. 112, § 3.)