Ask a question on the site
Questions
Lawyers
Blogs
Legislation
Contacts
Become a lawyer
Login Registration
§ 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...