The law of this State governs:
(1) the internal affairs of a mutual benefit enterprise; and
(2) the liability of a member as member and a director as director for the debts, obligations, or other liabilities of a mutual benefit enterprise.
Governing law
Known as the Mutual Benefit Enterprise Act
The act spans §§ 11C-1001 to 11C-909 (158 sections).
Added 2011, No. 84 (Adj
The law of this State governs:
(1) the internal affairs of a mutual benefit enterprise; and
(2) the liability of a member as member and a director as director for the debts, obligations, or other liabilities of a mutual benefit enterprise.
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.