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.
Subchapter
003
:
SHARES
(Cite as: 11 V.S.A. § 831)
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§ 831. Notice of professional corporation status on shares
(a) The following statement must appear conspicuously on each share certificate issued
by a professional corporation:
“The transfer of shares of a professional corporation is restricted by the Vermont
Professional Corporation Chapter, and is subject to further restriction imposed from
time to time by the licensing authority. Shares of a professional corporation are
also subject to a statutory compulsory repurchase obligation.”
(b) Within a reasonable time after the issuance or transfer of uncertificated shares of
a professional corporation, the corporation shall send the shareholders a written
notice, containing the statement required by subsection (a) of this section. (Added 2001, No. 77 (Adj. Sess.), § 1.)