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Vt. Stat. Ann. tit. 8, § 3445

Membership interest not a security

Added 1995, No. 167 (Adj

A membership interest in a domestic mutual insurance holding company shall not constitute a security as defined by 9 V.S.A. § 4202a.

Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.