If an association has not sufficient funds for the payment of losses incurred, reserves, and expenses, it shall make an assessment for the amount needed to pay such losses, reserves, and expenses upon the members in proportion to their several payrolls and rates.
Vt. Stat. Ann. tit. 8, § 4370
Assessments
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.