The Vermont Statutes Online

Title 11: Corporations, Partnerships and Associations

Chapter 025: Limited Liability Companies

• Subchapter 001: GENERAL PROVISIONS
•    § 4001. Definitions

•    § 4002. Knowledge and notice

•    § 4003. Effect of operating agreement; nonwaivable provisions

•    § 4004. Supplemental principles of law

•    § 4005. Name

•    § 4006. Reserved name

•    § 4007. Designated office and agent

•    § 4008. Change of designated office or agent for service of process

•    § 4009. Resignation of agent for service of process

•    § 4010. Service of process

•    § 4011. Nature of business and powers; governing law

•    § 4012. Fees

• Subchapter 002: ORGANIZATION
•    § 4021. Limited liability company as legal entity

•    § 4022. Organization

•    § 4023. Articles of organization

•    § 4024. Amendment or restatement of articles of organization

•    § 4025. Signing of documents

•    § 4026. Filing in Office of Secretary of State

•    § 4027. Correcting filed document

•    § 4028. Certificate of existence or authorization

•    § 4029. Liability for false statement in filed document

•    § 4030. Filing by judicial act

•    § 4031. Limited liability company property

•    § 4032. When property is limited liability company property

•    § 4033. Annual report for Secretary of State

•    § 4034. Involuntary termination

• Subchapter 003: RELATIONS OF MEMBERS AND MANAGERS TO PERSONS DEALING WITH LIMITED LIABILITY COMPANY
•    § 4041. No agency power of member as member

•    § 4042. Liability of members and managers

• Subchapter 004: RELATIONS OF MEMBERS TO EACH OTHER AND TO LIMITED LIABILITY COMPANY
•    § 4051. Becoming a member

•    § 4052. Form of contribution

•    § 4053. Member's liability for contributions

•    § 4054. Management of limited liability company

•    § 4055. Sharing of profits and losses and right to distributions

•    § 4056. Limitations on distributions

•    § 4057. Liability for unlawful distributions

•    § 4058. Information rights

•    § 4059. General standards of member's and manager's conduct

•    § 4060. Reimbursement, indemnification, and insurance

• Subchapter 005: TRANSFEREES AND CREDITORS OF MEMBER
•    § 4071. Member's distributional interest

•    § 4072. Transfer of distributional interest

•    § 4073. Rights of transferee

•    § 4074. Charging order

•    § 4075. Power of estate of deceased member

• Subchapter 006: MEMBER'S DISSOCIATION
•    § 4081. Events causing member's dissociation

•    § 4082. Member's power to dissociate; wrongful dissociation

•    § 4083. Effect of member's dissociation

• Subchapter 007: WINDING UP OF COMPANY BUSINESS
•    § 4101. Events causing dissolution and winding up of company business

•    § 4102. Limited liability company continues after dissolution

•    § 4103. Right to wind up limited liability company's business

•    § 4104. Member's or manager's power and liability as agent after dissolution

•    § 4105. Articles of termination

•    § 4106. Distribution of assets in winding up limited liability company's business

•    § 4107. Known claims against dissolved limited liability company

•    § 4108. Other claims against dissolved limited liability company

•    § 4109. Enforcement of claims against dissolved limited liability company

• Subchapter 008: FOREIGN LIMITED LIABILITY COMPANIES
•    § 4111. Law governing foreign limited liability companies

•    § 4112. Application for certificate of authority

•    § 4113. Activities not constituting transacting business

•    § 4114. Issuance of certificate of authority

•    § 4115. Amended certificate of authority

•    § 4116. Name of foreign limited liability company

•    § 4117. Revocation of certificate of authority

•    § 4118. Cancellation of authority

•    § 4119. Effect of failure to obtain certificate of authority

•    § 4120. Action by Attorney General

•    § 4121. Election

•    § 4122. Designation of controlling foreign law

•    § 4123. Scope of designated foreign law

•    § 4124. Jurisdiction

• Subchapter 009: ACTIONS BY MEMBERS
•    § 4131. Direct action by member

•    § 4132. Derivative action

•    § 4133. Proper plaintiff

•    § 4134. Pleading

•    § 4135. Special litigation committee

•    § 4136. Proceeds and expenses

• Subchapter 010: CONVERSION, MERGER, AND DOMESTICATION
•    § 4141. Definitions

•    § 4142. Conversion authorized

•    § 4143. Plan of conversion

•    § 4144. Approval of conversion

•    § 4145. Amendment or abandonment of plan of conversion

•    § 4146. Statement of conversion; effective date of conversion

•    § 4147. Effect of conversion

•    § 4148. Merger of entities

•    § 4149. Action on plan of merger by constituent limited liability company

•    § 4150. Filings required for merger; effective date

•    § 4151. Effect of merger

•    § 4152. Domestication

•    § 4153. Action on plan of domestication by domesticating limited liability company

•    § 4154. Filings required for domestication; effective date

•    § 4155. Effect of domestication

•    § 4156. Restrictions on approval of mergers, conversions, and domestications

•    § 4157. Subchapter not exclusive

• Subchapter 011: LOW-PROFIT LIMITED LIABILITY COMPANIES
•    § 4161. Election

•    § 4162. Requirements

•    § 4163. Failure to meet requirements

• Subchapter 012: BLOCKCHAIN-BASED LIMITED LIABILITY COMPANIES
•    § 4171. Definitions

•    § 4172. Election

•    § 4173. Authority; requirements

•    § 4174. Multiple roles of members and managers

•    § 4175. Consensus formation algorithms and governance processes

•    § 4176. Scope of subchapter; other law

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