Vermont Statutes
Chapter 8 - Directors and Officers
§ 802. No liability as director for mutual benefit enterprise’s obligations

§ 802. No liability as director for mutual benefit enterprise’s obligations
A debt, obligation, or other liability of a mutual benefit enterprise is solely that of the enterprise and is not a debt, obligation, or liability of a director solely by reason of being a director. An individual is not personally liable, directly or indirectly, for an obligation of an enterprise solely by reason of being a director. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)

Structure Vermont Statutes