§ 20.06. Bylaws
A close corporation need not adopt bylaws if provisions required by law to be contained in bylaws are contained in either the articles of incorporation or a shareholder agreement authorized by section 20.07 of 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