§ 832. Share transfer restriction
(a) A shareholder of a professional corporation may transfer or pledge shares, fractional shares, and rights or options for the purchase of shares of the corporation only to individuals, and general partnerships qualified under section 830 of this title to be issued shares.
(b) A transfer of shares made in violation of subsection (a) of this section, except one made by operation of law or court judgment, is void. (Added 2001, No. 77 (Adj. Sess.), § 1.)
Structure Vermont Statutes
Title 11 - Corporations, Partnerships and Associations
Chapter 4 - Professional Corporations
§ 816. Application of Vermont Business Corporation Act
§ 820. Election of professional corporation status
§ 823. Rendering professional services
§ 831. Notice of professional corporation status on shares
§ 832. Share transfer restriction
§ 833. Compulsory acquisition of shares after death or disqualification of shareholder
§ 835. Court action to appraise shares
§ 836. Court costs and fees of experts
§ 837. Cancellation of disqualified shares
§ 842. Confidential relationship
§ 843. Privileged communications
§ 844. Responsibility for professional services
§ 851. Termination of professional activities
§ 860. Authority to transact business
§ 861. Application for certificate of authority
§ 862. Revocation of certificate of authority
§ 870. Articles of incorporation for licensing authority
§ 871. Annual report for Secretary of State
§ 872. Licensing authority’s regulatory jurisdiction
§ 873. Penalty for signing false document