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Searching 2021-2022 Session

The Vermont Statutes Online

 

Title 11 : Corporations, Partnerships and Associations

Chapter 004 : PROFESSIONAL CORPORATIONS

Subchapter 003 : Shares

(Cite as: 11 V.S.A. § 831)
  • § 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.)