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Vt. Stat. Ann. tit. 11, § 831

Notice of professional corporation status on shares

Known as the Vermont Professional Corporation Act

The act spans §§ 11-815 to 11-881 (34 sections).

Added 2001, No. 77 (Adj

(a) The following statement must appear conspicuously on each share certificate issued by a professional corporation:

“The transfer of shares of a professional corporation is restricted by the Vermont Professional Corporation Chapter, and is subject to further restriction imposed from time to time by the licensing authority. Shares of a professional corporation are also subject to a statutory compulsory repurchase obligation.”

(b) Within a reasonable time after the issuance or transfer of uncertificated shares of a professional corporation, the corporation shall send the shareholders a written notice, containing the statement required by subsection (a) of this section.

Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.