The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 8 V.S.A. § 4466)
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§ 4466. Existing voluntary associations; may incorporate
(a) After one year from November 22, 1959, no unincorporated or voluntary association
shall be permitted to transact business in this State as a fraternal benefit society.
(b) Any domestic voluntary association now authorized to transact business in this State
may incorporate and shall receive from the Commissioner of Financial Regulation a
permanent certificate of incorporation as a fraternal benefit society when:
(1) it has completed its conversion to an incorporated society not later than one year
from November 22, 1959;
(2) it has filed its articles of incorporation and has satisfied the other requirements
described in section 4464 of this title; and
(3) the Commissioner of Financial Regulation has made such examination and procured whatever
additional information he or she believes advisable.
(c) Every voluntary association so incorporated shall incur the obligations and enjoy
the benefits thereof the same as though originally incorporated, and the corporation
shall be deemed a continuation of the original voluntary association. The officers
thereof shall serve through their respective terms as provided in its original articles
of association, but their successors shall be elected and serve as provided in its
articles of incorporation. Incorporation of a voluntary association shall not affect
existing suits, claims, or contracts. (Added 1959, No. 197, § 6, eff. Nov. 22, 1959; amended 1989, No. 225 (Adj. Sess.), § 25; 1995, No. 180 (Adj. Sess.), § 38; 2011, No. 78 (Adj. Sess.), § 2, eff. April 2, 2012.)