(a) The name of a mutual benefit enterprise shall contain the words “mutual benefit enterprise” or the abbreviation “M.B.E.” or “MBE.” “Mutual” may be abbreviated as “Mut.” “Benefit” may be abbreviated as “Ben.” “Enterprise” may be abbreviated as “Ent.”
(b) Unless otherwise provided in this title, a mutual benefit enterprise may apply to the Secretary of State for authorization to use a name under the procedures and subject to the rules for associations of individuals set forth in 11 V.S.A. chapter 15.