Vt. Stat. Ann. tit. 11, § 832
Share transfer restriction
Redline — July 1, 2021 → current.View current text →
Current — June 1, 2022
As of July 1, 2021
(1) 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.
(1) 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.
(2) 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.
(2) 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.
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.