Unless the articles of organization otherwise provide, a debt, obligation, or other liability of a mutual benefit enterprise is solely that of the enterprise and is not the debt, obligation, or liability of a member solely by reason of being a member.
Vt. Stat. Ann. tit. 11C, § 504
No liability as member for enterprise’s obligations
Known as the Mutual Benefit Enterprise Act
The act spans §§ 11–11 (158 sections).
Added 2011, No. 84 (Adj
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.