§ 504. No liability as member for enterprise’s obligations
Unless the articles of organization otherwise provide, a debt, obligation, or other liability of a mutual benefit enterprise is solely that of the enterprise and is not the debt, obligation, or liability of a member solely by reason of being a member. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)
Structure Vermont Statutes
Title 11C - Mutual Benefit Enterprises
§ 503. No power as member to bind enterprise
§ 504. No liability as member for enterprise’s obligations
§ 505. Right of member and former member to information
§ 506. Annual meeting of members
§ 507. Special meeting of members
§ 508. Notice of members’ meeting
§ 509. Waiver of member’s meeting notice
§ 511. Voting by patron members
§ 512. Determination of voting power of patron member
§ 513. Voting by investor members
§ 514. Voting requirements for members