Vermont Statutes
Title 11 - Corporations, Partnerships and Associations

§ 833. Compulsory acquisition of shares after death or disqualification of shareholder - § 833. Compulsory acquisition of shares after death or disqualification...

§ 834. Acquisition procedure - § 834. Acquisition procedure (a) If shares must be acquired...

§ 835. Court action to appraise shares - § 835. Court action to appraise shares (a) If the...

§ 836. Court costs and fees of experts - § 836. Court costs and fees of experts (a) The...

§ 837. Cancellation of disqualified shares - § 837. Cancellation of disqualified shares If the shares of...

§ 840. Directors and officers - § 840. Directors and officers Not fewer than one-half of...

§ 841. Voting of shares - § 841. Voting of shares (a) Only a qualified person...

§ 842. Confidential relationship - § 842. Confidential relationship (a) The relationship between an individual...

§ 843. Privileged communications - § 843. Privileged communications A privilege applicable to communications between...

§ 844. Responsibility for professional services - § 844. Responsibility for professional services (a) An obligation of...

§ 850. Merger - § 850. Merger (a) If all the shareholders of the...

§ 851. Termination of professional activities - § 851. Termination of professional activities If a professional corporation...

§ 852. Judicial dissolution - § 852. Judicial dissolution The Attorney General may commence a...

§ 860. Authority to transact business - § 860. Authority to transact business (a) A foreign professional...

§ 861. Application for certificate of authority - § 861. Application for certificate of authority The application of...

§ 862. Revocation of certificate of authority - § 862. Revocation of certificate of authority The Secretary of...

§ 870. Articles of incorporation for licensing authority - § 870. Articles of incorporation for licensing authority A domestic...

§ 871. Annual report for Secretary of State - § 871. Annual report for Secretary of State The annual...

§ 872. Licensing authority’s regulatory jurisdiction - § 872. Licensing authority’s regulatory jurisdiction This chapter does not...

§ 873. Penalty for signing false document - § 873. Penalty for signing false document (a) A person...

§ 880. Application to existing corporations - § 880. Application to existing corporations (a) This chapter does...

§ 881. Compliance with ownership provisions - § 881. Compliance with ownership provisions Notwithstanding the ownership limitations...

Chapter 5 - Scrip Corporations

§ 921. General provisions - § 921. General provisions Subject to the additional or varied...

§ 922. Certificate of public good - § 922. Certificate of public good The corporators shall file...

§ 923. Definitions - § 923. Definitions (a) “Scrip” as used in this chapter...

§ 924. Examination; bonds - § 924. Examination; bonds A corporation formed under the provisions...

§ 925. Consent of Commissioner required - § 925. Consent of Commissioner required A person or corporation...

§ 926. Redemption - § 926. Redemption Scrip shall not be issued unless its...

§ 927. Limitation of amount of scrip issued - § 927. Limitation of amount of scrip issued The Commissioner...

§ 928. Issuance; rights of holders; liquidations; actions - § 928. Issuance; rights of holders; liquidations; actions A corporation...

§ 929. Redemption right - § 929. Redemption right If scrip is issued in return...

§ 930. Borrowing scrip by municipal corporations - § 930. Borrowing scrip by municipal corporations All municipal corporations...

§ 931. Use of scrip in payment of taxes or wages - § 931. Use of scrip in payment of taxes or...

§ 932. Indebtedness pledged to secure scrip - § 932. Indebtedness pledged to secure scrip All evidences of...

§ 933. Security and redemption funds - § 933. Security and redemption funds Portions of bank deposits...

§ 934. Bank deposits left with bank - § 934. Bank deposits left with bank Bank deposits assigned...

§ 935. Redemption; action against corporation limited - § 935. Redemption; action against corporation limited At such time...

§ 936. Surplus monies belong to State - § 936. Surplus monies belong to State Any monies remaining...

§ 937. Enjoining issuance of scrip - § 937. Enjoining issuance of scrip On complaint brought by...

§ 938. Penalties - § 938. Penalties A person violating a provision of this...

Chapter 7 - Cooperatives

§ 981. Use of “cooperative.” - § 981. Use of “cooperative.” A corporation formed under chapters...

§ 991. Definitions - § 991. Definitions In this subchapter, unless the context or...

§ 992. Use of “cooperative” - § 992. Use of “cooperative” The use of the word...

§ 993. Subscribers - § 993. Subscribers Five or more persons, a majority of...

§ 994. Powers - § 994. Powers Each association incorporated under this subchapter shall...

§ 995. Articles - § 995. Articles Each association formed under this subchapter shall...

§ 996. Amendment of certificate - § 996. Amendment of certificate The certificate of organization may...

§ 997. Fee - § 997. Fee For filing a certificate of organization, an...

§ 998. Members - § 998. Members Under the terms and conditions prescribed in...

§ 999. Proxies - § 999. Proxies If a member of a nonstock association...

§ 1000. Adoption of bylaws - § 1000. Adoption of bylaws (a) Within 30 days after...

§ 1001. Contents of bylaws - § 1001. Contents of bylaws Each association may provide in...

§ 1002. Meetings - § 1002. Meetings Each association shall by its bylaws provide...

§ 1003. Special meetings - § 1003. Special meetings The board of directors shall have...

§ 1004. Notice of meetings - § 1004. Notice of meetings Notice of each meeting, together...

§ 1005. Place of meetings - § 1005. Place of meetings Meetings of the members or...

§ 1006. Directors - § 1006. Directors The business of the association shall be...

§ 1007. Classification of directors - § 1007. Classification of directors The bylaws may provide that...

§ 1008. Primary elections for directors - § 1008. Primary elections for directors The bylaws may provide...

§ 1009. Appointment of directors by public officials - § 1009. Appointment of directors by public officials The bylaws...

§ 1010. Vacancies on board of directors - § 1010. Vacancies on board of directors When a vacancy...

§ 1011. Contracts with directors - § 1011. Contracts with directors During the term of his...

§ 1012. Executive committee - § 1012. Executive committee The bylaws may provide for an...

§ 1013. Officers - § 1013. Officers The directors shall elect from their number...

§ 1014. Salaries - § 1014. Salaries An association may provide a fair compensation...

§ 1015. Issue of stock - § 1015. Issue of stock An association shall not issue...

§ 1016. Liability of members for debts - § 1016. Liability of members for debts A member shall...

§ 1017. Preferred stock - § 1017. Preferred stock An association organized with stock may...

§ 1018. Marketing contracts—Terms - § 1018. Marketing contracts—Terms An association and its members may...

§ 1019. Damages - § 1019. Damages The bylaws or the marketing contract may...

§ 1020. Enjoining breach - § 1020. Enjoining breach In case of any such breach...

§ 1021. Liability of landowner, landlord or lessor - § 1021. Liability of landowner, landlord or lessor In any...

§ 1022. Payment in stock - § 1022. Payment in stock When an association with preferred...

§ 1023. Ownership or control of other corporations - § 1023. Ownership or control of other corporations An association...

§ 1024. Warehouse receipts - § 1024. Warehouse receipts When such corporations are warehousing corporations,...

§ 1025. Joint agreements - § 1025. Joint agreements Upon resolution adopted by its board...

§ 1026. Annual report - § 1026. Annual report An association formed under this subchapter...

§ 1027. Foreign corporations - § 1027. Foreign corporations A corporation or association organized under...

§ 1028. Application to existing corporations - § 1028. Application to existing corporations By a majority vote...

§ 1029. Soliciting breach of contract - § 1029. Soliciting breach of contract A person or corporation...

§ 1030. Conspiracies or combinations in restraint of trade - § 1030. Conspiracies or combinations in restraint of trade An...

§ 1031. Penalties - § 1031. Penalties An officer or director who shall subscribe...

§ 1061. Procedure - § 1061. Procedure Two or more cooperative associations organized under,...

§ 1062. Filing of articles - § 1062. Filing of articles The articles of merger or...

§ 1063. Fee - § 1063. Fee For filing articles of merger or consolidation...

§ 1064. Powers - § 1064. Powers The new cooperative, in addition to the...

§ 1065. Preservation of rights and liabilities - § 1065. Preservation of rights and liabilities All rights of...

Chapter 8 - Worker Cooperative Corporations

§ 1081. Short title - § 1081. Short title This chapter shall be known and...

§ 1082. Definitions - § 1082. Definitions As used in this chapter, unless the...

§ 1083. Corporations organized under chapter 17; election to be governed as worker cooperative - § 1083. Corporations organized under chapter 17; election to be...

§ 1084. Revocation of election - § 1084. Revocation of election A worker cooperative may revoke...

§ 1085. Corporate name - § 1085. Corporate name A worker cooperative may include the...

§ 1086. Members’ membership shares; fees; rights and responsibilities - § 1086. Members’ membership shares; fees; rights and responsibilities (a)...

§ 1087. Voting shares; bylaws; amendment of articles of organization - § 1087. Voting shares; bylaws; amendment of articles of organization...

§ 1088. Net earnings or losses; apportionment, distribution, and payment - § 1088. Net earnings or losses; apportionment, distribution, and payment...

§ 1089. Directors; officers - § 1089. Directors; officers (a) The bylaws of a worker...

§ 1090. Internal capital accounts; recall or redemption of shares; interest; collective reserve account - § 1090. Internal capital accounts; recall or redemption of shares;...

§ 1091. Internal capital account cooperatives - § 1091. Internal capital account cooperatives (a) An internal capital...

§ 1092. Conversion of membership shares and internal capital accounts upon revocation of election; consolidation or merger - § 1092. Conversion of membership shares and internal capital accounts...

Chapter 13 - Religious Societies

§ 1471. Notice of meeting to provide for repairs - § 1471. Notice of meeting to provide for repairs When...

§ 1472. Organization of meeting - § 1472. Organization of meeting At the time appointed, such...

§ 1473. Voting and assessment - § 1473. Voting and assessment Owners of pews shall have...

§ 1474. Assessment of pews - § 1474. Assessment of pews At such meeting, the majority...

§ 1475. Sale of pews for nonpayment - § 1475. Sale of pews for nonpayment When the owner...

§ 1476. Redemption - § 1476. Redemption Within six months after the sale, the...

§ 1501. Procedure - § 1501. Procedure The word “persons” as used in sections...

§ 1502. Signing and filing of articles - § 1502. Signing and filing of articles In case it...

§ 1531. Petition for dissolution - § 1531. Petition for dissolution When five members of a...

§ 1532. Recognizance - § 1532. Recognizance Before issuing the citation the petitioners shall...

§ 1533. Opposing petition - § 1533. Opposing petition When such petition is brought, members...

§ 1534. Appointment of commissioners, hearing - § 1534. Appointment of commissioners, hearing If sufficient cause is...

§ 1535. Report and judgment - § 1535. Report and judgment When, upon such hearing, it...

§ 1536. Further proceedings - § 1536. Further proceedings If no appeal is taken, the...

§ 1537. Commissioner’s fees; costs - § 1537. Commissioner’s fees; costs Each commissioner shall receive $2.00...

§ 1571. Authority to act as trustee - § 1571. Authority to act as trustee A religious state...

Chapter 14 - Cooperative Housing Ownership Act

§ 1581. Short title - § 1581. Short title This chapter shall be known as...

§ 1582. Purpose - § 1582. Purpose The purpose of this chapter is to...

§ 1583. Definitions - § 1583. Definitions The definitions contained in chapter 17 of...

§ 1584. Application - § 1584. Application Any corporation organized under chapter 17 of...

§ 1585. Name; use of “cooperative” - § 1585. Name; use of “cooperative” The use of the...

§ 1586. Property classification of cooperative interest - § 1586. Property classification of cooperative interest (a) A cooperative...

§ 1587. Perfection of security interests in cooperative interests - § 1587. Perfection of security interests in cooperative interests (a)...

§ 1588. Articles of association; minimum requirements - § 1588. Articles of association; minimum requirements Articles of association...

§ 1589. Subscriptions for membership prior to organization; organization meeting - § 1589. Subscriptions for membership prior to organization; organization meeting...

§ 1590. Minimum occupancy requirement - § 1590. Minimum occupancy requirement Subject to the provisions of...

§ 1591. Membership - § 1591. Membership (a) A cooperative housing corporation shall be...

§ 1592. Bylaws; minimum requirements - § 1592. Bylaws; minimum requirements The bylaws of a cooperative...

§ 1593. Membership shares; requirements - § 1593. Membership shares; requirements A cooperative housing corporation shall...

§ 1594. Voting - § 1594. Voting (a) The votes in a cooperative housing...

§ 1595. Meetings; notice; quorum - § 1595. Meetings; notice; quorum (a) Each cooperative housing corporation...

§ 1596. Directors; election; removal - § 1596. Directors; election; removal (a) The business of the...

§ 1597. Merger; consolidation - § 1597. Merger; consolidation Cooperative housing corporations shall not engage...

§ 1598. Limited equity cooperatives - § 1598. Limited equity cooperatives A cooperative housing corporation may...

§ 1599. Proprietary lease - § 1599. Proprietary lease Every member of a cooperative housing...

§ 1600. Deposits; sale of cooperative interests; escrow - § 1600. Deposits; sale of cooperative interests; escrow Deposits taken...

§ 1601. Offering of cooperative interests; subscription agreement; disclosures required - § 1601. Offering of cooperative interests; subscription agreement; disclosures required...

§ 1602. Consumer protection; enforcement - § 1602. Consumer protection; enforcement (a) For purposes of this...

§ 1603. Dissolution - § 1603. Dissolution (a) By vote of at least 80...

§ 1604. Loans - § 1604. Loans Any lender is authorized to make loans...

§ 1605. Net income; apportionment - § 1605. Net income; apportionment (a) Annually, the board of...

§ 1606. Conversion; cooperative apartments - § 1606. Conversion; cooperative apartments The provisions of 27 V.S.A....

§ 1607. Nondiscrimination - § 1607. Nondiscrimination The provisions of 9 V.S.A. chapter 139...

§ 1608. Eligibility for property tax relief - § 1608. Eligibility for property tax relief Members of cooperative...

§ 1609. Homestead exemption from attachment and execution - § 1609. Homestead exemption from attachment and execution The provisions...

§ 1610. Separate taxation; mobile home cooperatives - § 1610. Separate taxation; mobile home cooperatives Each unit in...

Chapter 15 - Registration of Business Entities

§ 1621. Registration of business name by persons, partnerships, and associations - § 1621. Registration of business name by persons, partnerships, and...

§ 1621a. Reserved name - § 1621a. Reserved name (a) The exclusive right to the...

§ 1622. Registration by legal representative of decedent - § 1622. Registration by legal representative of decedent If a...

§ 1623. Registration by business organizations - § 1623. Registration by business organizations (a) A business organization...

§ 1624. Forms - § 1624. Forms The Secretary of State shall formulate forms...

§ 1625. Fees - § 1625. Fees (a) A person, copartnership, association, limited liability...

§ 1626. Failure to register; enforcing compliance - § 1626. Failure to register; enforcing compliance (a) A person...

§ 1627. Service of process - § 1627. Service of process Service of such complaint and...

§ 1628. Certificate of cessation of business or change of business status - § 1628. Certificate of cessation of business or change of...

§ 1629. Penalties - § 1629. Penalties Failure to file such certificate at the...

§ 1630. Process agent - § 1630. Process agent Each nonresident doing business in this...

§ 1631. Vacancy - § 1631. Vacancy When an appointee dies or removes from...

§ 1632. Exceptions - § 1632. Exceptions The provisions of sections 1630 and 1631...

§ 1633. Secretary of State as process agent - § 1633. Secretary of State as process agent A foreign...

§ 1634. Effect of failure and neglect - § 1634. Effect of failure and neglect A person, copartnership,...

§ 1635. Reregistration - § 1635. Reregistration (a) One or more persons doing business...

§ 1636. Termination of business name; hearing - § 1636. Termination of business name; hearing (a) If the...

§ 1637. Authority to terminate and amend registration - § 1637. Authority to terminate and amend registration (a) The...

Chapter 16 - Business Rapid Response to Declared State Disasters

§ 1701. Definitions - § 1701. Definitions In this chapter: (1) “Critical infrastructure” means...

§ 1702. Obligations after disaster response period - § 1702. Obligations after disaster response period (a) Business and...

§ 1703. Administration - § 1703. Administration (a) Notification of out-of-state business during the...

Chapter 22 - Partnerships

§ 3201. Definitions - § 3201. Definitions As used in this chapter: (1) “Business”...

§ 3202. Knowledge and notice - § 3202. Knowledge and notice (a) A person knows a...

§ 3203. Effect of partnership agreement; nonwaivable provisions - § 3203. Effect of partnership agreement; nonwaivable provisions (a) Except...

§ 3204. Supplemental principles of law - § 3204. Supplemental principles of law (a) Unless displaced by...

§ 3205. Execution, filing, and recording of statements - § 3205. Execution, filing, and recording of statements (a) A...

§ 3206. Governing law - § 3206. Governing law (a) Except as otherwise provided in...

§ 3207. Partnership subject to amendment or repeal of chapter - § 3207. Partnership subject to amendment or repeal of chapter...

§ 3211. Partnership as entity - § 3211. Partnership as entity (a) A partnership is an...

§ 3212. Formation of partnership - § 3212. Formation of partnership (a) Except as otherwise provided...

§ 3213. Partnership property - § 3213. Partnership property Property acquired by a partnership is...

§ 3214. When property is partnership property - § 3214. When property is partnership property (a) Property is...

§ 3221. Partner agent of partnership - § 3221. Partner agent of partnership Subject to the effect...

§ 3222. Transfer of partnership property - § 3222. Transfer of partnership property (a) Partnership property may...

§ 3223. Statement of partnership authority - § 3223. Statement of partnership authority (a) A partnership may...

§ 3224. Statement of denial - § 3224. Statement of denial A partner or other person...

§ 3225. Partnership liable for partner’s actionable conduct - § 3225. Partnership liable for partner’s actionable conduct (a) A...

§ 3226. Partner’s liability - § 3226. Partner’s liability (a) Except as otherwise provided in...

§ 3227. Actions by and against partnership and partners - § 3227. Actions by and against partnership and partners (a)...

§ 3228. Liability of purported partner - § 3228. Liability of purported partner (a) If a person,...

§ 3231. Partner’s rights and duties - § 3231. Partner’s rights and duties (a) Each partner is...

§ 3232. Distributions in kind - § 3232. Distributions in kind A partner has no right...

§ 3233. Partner’s rights and duties with respect to information - § 3233. Partner’s rights and duties with respect to information...

§ 3234. General standards of partner’s conduct - § 3234. General standards of partner’s conduct (a) The only...

§ 3235. Actions by partnership and partners - § 3235. Actions by partnership and partners (a) A partnership...

§ 3236. Continuation of partnership beyond definite term or particular undertaking - § 3236. Continuation of partnership beyond definite term or particular...

§ 3241. Partner not co-owner of partnership property - § 3241. Partner not co-owner of partnership property A partner...

§ 3242. Partner’s transferable interest in partnership - § 3242. Partner’s transferable interest in partnership The only transferable...

§ 3243. Transfer of partner’s transferable interest - § 3243. Transfer of partner’s transferable interest (a) A transfer,...

§ 3244. Partner’s transferable interest subject to charging order - § 3244. Partner’s transferable interest subject to charging order (a)...

§ 3251. Events causing partner’s dissociation - § 3251. Events causing partner’s dissociation A partner is dissociated...

§ 3252. Partner’s power to dissociate; wrongful dissociation - § 3252. Partner’s power to dissociate; wrongful dissociation (a) A...

§ 3253. Effect of partner’s dissociation - § 3253. Effect of partner’s dissociation (a) If a partner’s...

§ 3261. Purchase of dissociated partner’s interest - § 3261. Purchase of dissociated partner’s interest (a) If a...

§ 3262. Dissociated partner’s power to bind and liability to partnership - § 3262. Dissociated partner’s power to bind and liability to...

§ 3263. Dissociated partner’s liability to other persons - § 3263. Dissociated partner’s liability to other persons (a) A...

§ 3264. Statement of dissociation - § 3264. Statement of dissociation (a) A dissociated partner or...

§ 3265. Continued use of partnership name - § 3265. Continued use of partnership name Continued use of...

§ 3271. Events causing dissolution and winding up of partnership business - § 3271. Events causing dissolution and winding up of partnership...

§ 3272. Partnership continues after dissolution - § 3272. Partnership continues after dissolution (a) Subject to subsection...

§ 3273. Right to wind up partnership business - § 3273. Right to wind up partnership business (a) After...

§ 3274. Partner’s power to bind partnership after dissolution - § 3274. Partner’s power to bind partnership after dissolution Subject...

§ 3275. Statement of dissolution - § 3275. Statement of dissolution (a) After dissolution, a partner...

§ 3276. Partner’s liability to other partners after dissolution - § 3276. Partner’s liability to other partners after dissolution (a)...

§ 3277. Settlement of accounts and contributions among partners - § 3277. Settlement of accounts and contributions among partners (a)...

§ 3281. Definitions - § 3281. Definitions In this subchapter: (1) “General partner” means...

§ 3282. Conversion of partnership to limited partnership - § 3282. Conversion of partnership to limited partnership (a) A...

§ 3283. Conversion of limited partnership to partnership - § 3283. Conversion of limited partnership to partnership (a) A...

§ 3284. Effect of conversion; entity unchanged - § 3284. Effect of conversion; entity unchanged (a) A partnership...

§ 3285. Merger of partnerships - § 3285. Merger of partnerships (a) Pursuant to a plan...

§ 3286. Effect of merger - § 3286. Effect of merger (a) When a merger takes...

§ 3287. Statement of merger - § 3287. Statement of merger (a) After a merger, the...

§ 3288. Nonexclusive - § 3288. Nonexclusive This subchapter is not exclusive. Partnerships or...

§ 3291. Statement of qualification - § 3291. Statement of qualification (a)(1) Any lawful partnership may...

§ 3292. Name - § 3292. Name (a) The name of a limited liability...

§ 3293. Annual report - § 3293. Annual report (a) A limited liability partnership, and...

§ 3301. Law governing foreign limited liability partnership - § 3301. Law governing foreign limited liability partnership (a) The...

§ 3302. Statement of foreign qualification - § 3302. Statement of foreign qualification (a) Before transacting business...

§ 3303. Effect of failure to qualify - § 3303. Effect of failure to qualify (a)(1) A foreign...

§ 3304. Activities not constituting transacting business - § 3304. Activities not constituting transacting business (a) Activities of...

§ 3305. Action by Attorney General - § 3305. Action by Attorney General The Attorney General may...

§ 3310. Fees - § 3310. Fees (a) The Secretary of State shall collect...

§ 3311. Uniformity of application and construction - § 3311. Uniformity of application and construction This chapter shall...

§ 3312. Applicability - § 3312. Applicability (a) Before January 1, 1999, this chapter...

§ 3313. Savings clause - § 3313. Savings clause The enactment of this chapter does...

Chapter 23 - Limited Partnerships

§ 3401. Definitions - § 3401. Definitions As used in this chapter: (1) A...

§ 3402. Name - § 3402. Name (a) The name of each limited partnership...

§ 3403. Reservation of name - § 3403. Reservation of name (a) The exclusive right to...

§ 3404. Specified office and agent - § 3404. Specified office and agent Each limited partnership shall...

§ 3405. Records to be kept - § 3405. Records to be kept (a) Each limited partnership...

§ 3406. Nature of business - § 3406. Nature of business A limited partnership may carry...

§ 3407. Business transactions of partner with partnership - § 3407. Business transactions of partner with partnership Except as...

§ 3411. Certificate of limited partnership - § 3411. Certificate of limited partnership (a) In order to...

§ 3412. Amendment to certificate - § 3412. Amendment to certificate (a) A certificate of limited...

§ 3413. Cancellation of certificate - § 3413. Cancellation of certificate A certificate of limited partnership...

§ 3414. Execution of certificates - § 3414. Execution of certificates (a) Each certificate required by...

§ 3415. Execution by judicial act - § 3415. Execution by judicial act If a person required...

§ 3416. Filing in Office of Secretary of State - § 3416. Filing in Office of Secretary of State (a)...

§ 3417. Liability for false statement in certificate - § 3417. Liability for false statement in certificate If any...

§ 3418. Scope of notice - § 3418. Scope of notice The fact that a certificate...

§ 3419. Delivery of certificates to limited partners - § 3419. Delivery of certificates to limited partners Upon the...

§ 3420. Fees - § 3420. Fees (a) The Secretary of State shall collect...

§ 3421. Admission of limited partners - § 3421. Admission of limited partners (a) A person becomes...

§ 3422. Voting - § 3422. Voting Subject to section 3423 of this title,...

§ 3423. Liability to third parties - § 3423. Liability to third parties (a) Except as provided...

§ 3424. Person erroneously believing himself or herself limited partner - § 3424. Person erroneously believing himself or herself limited partner...

§ 3425. Information - § 3425. Information Each limited partner has the right to:...

§ 3431. Admission of additional general partners - § 3431. Admission of additional general partners After the filing...

§ 3432. Events of withdrawal - § 3432. Events of withdrawal Except as approved by the...

§ 3433. General powers and liabilities - § 3433. General powers and liabilities (a) Except as provided...

§ 3434. Contributions by general partner - § 3434. Contributions by general partner A general partner of...

§ 3435. Voting - § 3435. Voting The partnership agreement may grant to all...

§ 3441. Form of contribution - § 3441. Form of contribution The contribution of a partner...

§ 3442. Liability for contribution - § 3442. Liability for contribution (a) A promise by a...

§ 3443. Sharing of profits and losses - § 3443. Sharing of profits and losses The profits and...

§ 3444. Sharing of distributions - § 3444. Sharing of distributions Distributions of cash or other...

§ 3451. Interim distributions - § 3451. Interim distributions Except as provided in this subchapter,...

§ 3452. Withdrawal of general partner - § 3452. Withdrawal of general partner A general partner may...

§ 3453. Withdrawal of limited partner - § 3453. Withdrawal of limited partner A limited partner may...

§ 3454. Distribution upon withdrawal - § 3454. Distribution upon withdrawal Except as provided in this...

§ 3455. Distribution in kind - § 3455. Distribution in kind Except as provided in writing...

§ 3456. Right to distribution - § 3456. Right to distribution At the time a partner...

§ 3457. Limitations on distribution - § 3457. Limitations on distribution A partner may not receive...

§ 3458. Liability upon return of contribution - § 3458. Liability upon return of contribution (a) If a...

§ 3461. Nature of partnership interest - § 3461. Nature of partnership interest A partnership interest is...

§ 3462. Assignment of partnership interest - § 3462. Assignment of partnership interest Except as provided in...

§ 3463. Rights of creditor - § 3463. Rights of creditor On application to a court...

§ 3464. Right of assignee to become limited partner - § 3464. Right of assignee to become limited partner (a)...

§ 3465. Power of estate of deceased or partner who is incompetent - § 3465. Power of estate of deceased or partner who...

§ 3471. Nonjudicial dissolution - § 3471. Nonjudicial dissolution A limited partnership is dissolved and...

§ 3472. Judicial dissolution - § 3472. Judicial dissolution On application by or for a...

§ 3473. Winding up - § 3473. Winding up Except as provided in the partnership...

§ 3474. Distribution of assets - § 3474. Distribution of assets Upon the winding up of...

§ 3481. Law governing - § 3481. Law governing Subject to the constitution of this...

§ 3482. Registration - § 3482. Registration Before transacting business in this State, a...

§ 3483. Issuance of registration - § 3483. Issuance of registration (a) If the Secretary of...

§ 3484. Name - § 3484. Name A foreign limited partnership may register with...

§ 3485. Changes and amendments - § 3485. Changes and amendments If any statement in the...

§ 3486. Cancellation of registration - § 3486. Cancellation of registration A foreign limited partnership may...

§ 3487. Transaction of business without registration - § 3487. Transaction of business without registration (a)(1) A foreign...

§ 3488. Action by Attorney General - § 3488. Action by Attorney General The Attorney General may...

§ 3491. Right of action - § 3491. Right of action A limited partner may bring...

§ 3492. Proper plaintiff - § 3492. Proper plaintiff In a derivative action, the plaintiff...

§ 3493. Pleading - § 3493. Pleading In a derivative action, the complaint shall...

§ 3494. Expenses - § 3494. Expenses If a derivative action is successful, in...

§ 3501. Construction and application - § 3501. Construction and application This chapter shall be so...

§ 3502. Rules for cases not provided for in this chapter - § 3502. Rules for cases not provided for in this...

§ 3503. Savings clause - § 3503. Savings clause The repeal of any statutory provision...

Chapter 25 - Limited Liability Companies

§ 4001. Definitions - § 4001. Definitions As used in this chapter: (1) “Articles...

§ 4002. Knowledge and notice - § 4002. Knowledge and notice (a) A person knows a...

§ 4003. Effect of operating agreement; nonwaivable provisions - § 4003. Effect of operating agreement; nonwaivable provisions (a) Except...

§ 4004. Supplemental principles of law - § 4004. Supplemental principles of law (a) Unless displaced by...

§ 4005. Name - § 4005. Name (a)(1) Except for a low-profit limited liability...

§ 4006. Reserved name - § 4006. Reserved name (a)(1) A person may reserve the...

§ 4007. Designated office and agent - § 4007. Designated office and agent (a) A limited liability...

§ 4008. Change of designated office or agent for service of process - § 4008. Change of designated office or agent for service...

§ 4009. Resignation of agent for service of process - § 4009. Resignation of agent for service of process (a)...

§ 4010. Service of process - § 4010. Service of process (a) An agent for service...

§ 4011. Nature of business and powers; governing law - § 4011. Nature of business and powers; governing law (a)...

§ 4012. Fees - § 4012. Fees (a) The Secretary of State shall collect...

§ 4021. Limited liability company as legal entity - § 4021. Limited liability company as legal entity A limited...

§ 4022. Organization - § 4022. Organization (a) One or more persons may organize...

§ 4023. Articles of organization - § 4023. Articles of organization (a) Articles of organization of...

§ 4024. Amendment or restatement of articles of organization - § 4024. Amendment or restatement of articles of organization (a)...

§ 4025. Signing of documents - § 4025. Signing of documents (a) Except as otherwise provided...

§ 4026. Filing in Office of Secretary of State - § 4026. Filing in Office of Secretary of State (a)...

§ 4027. Correcting filed document - § 4027. Correcting filed document (a) A limited liability company...

§ 4028. Certificate of existence or authorization - § 4028. Certificate of existence or authorization (a) A person...

§ 4029. Liability for false statement in filed document - § 4029. Liability for false statement in filed document If...

§ 4030. Filing by judicial act - § 4030. Filing by judicial act If a person required...

§ 4031. Limited liability company property - § 4031. Limited liability company property Property transferred to or...

§ 4032. When property is limited liability company property - § 4032. When property is limited liability company property (a)...

§ 4033. Annual report for Secretary of State - § 4033. Annual report for Secretary of State (a) Each...

§ 4034. Involuntary termination - § 4034. Involuntary termination (a)(1) The articles of organization of...

§ 4041. No agency power of member as member - § 4041. No agency power of member as member (a)...

§ 4042. Liability of members and managers - § 4042. Liability of members and managers (a) The debts,...

§ 4051. Becoming a member - § 4051. Becoming a member (a) If a limited liability...

§ 4052. Form of contribution - § 4052. Form of contribution A contribution may consist of...

§ 4053. Member’s liability for contributions - § 4053. Member’s liability for contributions (a) A person’s obligation...

§ 4054. Management of limited liability company - § 4054. Management of limited liability company (a) A limited...

§ 4055. Sharing of profits and losses and right to distributions - § 4055. Sharing of profits and losses and right to...

§ 4056. Limitations on distributions - § 4056. Limitations on distributions (a) A distribution shall not...

§ 4057. Liability for unlawful distributions - § 4057. Liability for unlawful distributions (a) A member of...

§ 4058. Information rights - § 4058. Information rights (a) In a member-managed limited liability...

§ 4059. General standards of member’s and manager’s conduct - § 4059. General standards of member’s and manager’s conduct (a)...

§ 4060. Reimbursement, indemnification, and insurance - § 4060. Reimbursement, indemnification, and insurance (a) A member-managed limited...

§ 4071. Member’s distributional interest - § 4071. Member’s distributional interest (a) A distributional interest in...

§ 4072. Transfer of distributional interest - § 4072. Transfer of distributional interest (a) A transfer, in...

§ 4073. Rights of transferee - § 4073. Rights of transferee (a) A transferee of a...

§ 4074. Charging order - § 4074. Charging order (a)(1) On application by a judgment...

§ 4075. Power of estate of deceased member - § 4075. Power of estate of deceased member If a...

§ 4081. Events causing member’s dissociation - § 4081. Events causing member’s dissociation A person is dissociated...

§ 4082. Member’s power to dissociate; wrongful dissociation - § 4082. Member’s power to dissociate; wrongful dissociation (a) A...

§ 4083. Effect of member’s dissociation - § 4083. Effect of member’s dissociation (a) When a person...

§ 4101. Events causing dissolution and winding up of company business - § 4101. Events causing dissolution and winding up of company...

§ 4102. Limited liability company continues after dissolution - § 4102. Limited liability company continues after dissolution (a) Subject...

§ 4103. Right to wind up limited liability company’s business - § 4103. Right to wind up limited liability company’s business...

§ 4104. Member’s or manager’s power and liability as agent after dissolution - § 4104. Member’s or manager’s power and liability as agent...

§ 4105. Articles of termination - § 4105. Articles of termination (a) At any time after...

§ 4106. Distribution of assets in winding up limited liability company’s business - § 4106. Distribution of assets in winding up limited liability...

§ 4107. Known claims against dissolved limited liability company - § 4107. Known claims against dissolved limited liability company (a)...

§ 4108. Other claims against dissolved limited liability company - § 4108. Other claims against dissolved limited liability company (a)...

§ 4109. Enforcement of claims against dissolved limited liability company - § 4109. Enforcement of claims against dissolved limited liability company...

§ 4111. Law governing foreign limited liability companies - § 4111. Law governing foreign limited liability companies (a) The...

§ 4112. Application for certificate of authority - § 4112. Application for certificate of authority (a) A foreign...

§ 4113. Activities not constituting transacting business - § 4113. Activities not constituting transacting business (a) A foreign...

§ 4114. Issuance of certificate of authority - § 4114. Issuance of certificate of authority If the Secretary...

§ 4115. Amended certificate of authority - § 4115. Amended certificate of authority (a) A foreign limited...

§ 4116. Name of foreign limited liability company - § 4116. Name of foreign limited liability company (a)(1) A...

§ 4117. Revocation of certificate of authority - § 4117. Revocation of certificate of authority (a) The Secretary...

§ 4118. Cancellation of authority - § 4118. Cancellation of authority A foreign limited liability company...

§ 4119. Effect of failure to obtain certificate of authority - § 4119. Effect of failure to obtain certificate of authority...

§ 4120. Action by Attorney General - § 4120. Action by Attorney General The Attorney General may...

§ 4121. Election - § 4121. Election A limited liability company formed under this...

§ 4122. Designation of controlling foreign law - § 4122. Designation of controlling foreign law (a) A foreign...

§ 4123. Scope of designated foreign law - § 4123. Scope of designated foreign law (a) In any...

§ 4124. Jurisdiction - § 4124. Jurisdiction (a) Vermont and other courts designated pursuant...

§ 4131. Direct action by member - § 4131. Direct action by member (a) Subject to subsection...

§ 4132. Derivative action - § 4132. Derivative action A member may maintain a derivative...

§ 4133. Proper plaintiff - § 4133. Proper plaintiff A derivative action under section 4132...

§ 4134. Pleading - § 4134. Pleading In a derivative action, the complaint shall...

§ 4135. Special litigation committee - § 4135. Special litigation committee (a)(1) If a limited liability...

§ 4136. Proceeds and expenses - § 4136. Proceeds and expenses (a) Except as otherwise provided...

§ 4141. Definitions - § 4141. Definitions As used in this subchapter: (1) “Constituent...

§ 4142. Conversion authorized - § 4142. Conversion authorized (a) By complying with sections 4143...

§ 4143. Plan of conversion - § 4143. Plan of conversion (a) A domestic limited liability...

§ 4144. Approval of conversion - § 4144. Approval of conversion (a) For any conversion of...

§ 4145. Amendment or abandonment of plan of conversion - § 4145. Amendment or abandonment of plan of conversion (a)...

§ 4146. Statement of conversion; effective date of conversion - § 4146. Statement of conversion; effective date of conversion (a)...

§ 4147. Effect of conversion - § 4147. Effect of conversion (a) When a conversion becomes...

§ 4148. Merger of entities - § 4148. Merger of entities (a) A limited liability company...

§ 4149. Action on plan of merger by constituent limited liability company - § 4149. Action on plan of merger by constituent limited...

§ 4150. Filings required for merger; effective date - § 4150. Filings required for merger; effective date (a) After...

§ 4151. Effect of merger - § 4151. Effect of merger (a) When a merger becomes...

§ 4152. Domestication - § 4152. Domestication (a) A foreign limited liability company may...

§ 4153. Action on plan of domestication by domesticating limited liability company - § 4153. Action on plan of domestication by domesticating limited...

§ 4154. Filings required for domestication; effective date - § 4154. Filings required for domestication; effective date (a) After...

§ 4155. Effect of domestication - § 4155. Effect of domestication (a) When a domestication takes...

§ 4156. Restrictions on approval of mergers, conversions, and domestications - § 4156. Restrictions on approval of mergers, conversions, and domestications...

§ 4157. Subchapter not exclusive - § 4157. Subchapter not exclusive This subchapter does not preclude...

§ 4161. Election - § 4161. Election A limited liability company organized pursuant to...

§ 4162. Requirements - § 4162. Requirements A limited liability company shall be organized...

§ 4163. Failure to meet requirements - § 4163. Failure to meet requirements (a) A limited liability...

§ 4171. Definitions - § 4171. Definitions As used in this section: (1) “Blockchain...

§ 4172. Election - § 4172. Election A limited liability company organized pursuant to...

§ 4173. Authority; requirements - § 4173. Authority; requirements Notwithstanding any provision of this chapter...

§ 4174. Multiple roles of members and managers - § 4174. Multiple roles of members and managers (a) A...

§ 4175. Consensus formation algorithms and governance processes - § 4175. Consensus formation algorithms and governance processes In its...

§ 4176. Scope of subchapter; other law - § 4176. Scope of subchapter; other law Except as expressly...

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Vermont Statutes Title 11 - Corporations, Partnerships and Associations

Vermont Statutes
Title 11 - Corporations, Partnerships and Associations