§ 20.01. Law applicable
This chapter shall apply only to close corporations organized under this chapter. The provisions of this title other than those set forth in this chapter shall apply to close corporations in the absence of a contrary or inconsistent provision in this chapter. A corporation whose status as a close corporation terminates shall immediately become subject to the obligations and rights of a general corporation as provided in this title. (Added 1993, No. 85, § 2, eff. Jan. 1, 1994.)
Structure Vermont Statutes
Title 11A - Vermont Business Corporations
Chapter 20 - Close Corporations
§ 20.02. Close corporation defined
§ 20.03. Incorporation of a close corporation
§ 20.04. Election of existing corporation to become a close corporation
§ 20.05. Additional articles of incorporation
§ 20.08. Elimination of board of directors
§ 20.09. Shareholder agreements
§ 20.10. Merger or consolidation
§ 20.11. Limitations on continuation of close corporation status
§ 20.13. Shareholders’ option to dissolve corporation
§ 20.14. Involuntary termination of close corporation status; proceeding to prevent loss of status