Vt. Stat. Ann. tit. 11C, § 601
Member’s interest
Redline — July 1, 2021 → current.View current text →
Current — June 1, 2022
As of July 1, 2021
A member's interest:
A member’s interest:
(1) is personal property;
(1) is personal property;
(2) consists of: governance rights;
(2) consists of: governance rights;
(3) financial rights; and
(3) financial rights; and
(4) the right or obligation, if any, to do business with the mutual benefit enterprise; and
(4) the right or obligation, if any, to do business with the mutual benefit enterprise; and
(5) may be in certificated or uncertificated form. Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.
(5) may be in certificated or uncertificated form.
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.