The Vermont Statutes Online
The Statutes below include the actions of the 2024 session of the General Assembly.
The Vermont Statutes Online will be down for maintenance on Wednesday, October 22 while we load the actions of the 2025 General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Title 11A: Vermont Business Corporations
Chapter 020: Close Corporations
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§ 20.01. Law applicable
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§ 20.02. Close corporation defined
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§ 20.03. Incorporation of a close corporation
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§ 20.04. Election of existing corporation to become a close corporation
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§ 20.05. Additional articles of incorporation
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§ 20.06. Bylaws
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§ 20.07. Annual meeting
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§ 20.08. Elimination of board of directors
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§ 20.09. Shareholder agreements
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§ 20.10. Merger or consolidation
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§ 20.11. Limitations on continuation of close corporation status
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§ 20.12. Voluntary termination of close corporation status by amendment of articles of incorporation; vote required
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§ 20.13. Shareholders' option to dissolve corporation
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§ 20.14. Involuntary termination of close corporation status; proceeding to prevent loss of status
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§ 20.15. Judicial dissolution
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§ 20.16. Special voting requirements