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. § 832)
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§ 832. Share transfer restriction
(a) A shareholder of a professional corporation may transfer or pledge shares, fractional
shares, and rights or options for the purchase of shares of the corporation only to
individuals, and general partnerships qualified under section 830 of this title to be issued shares.
(b) A transfer of shares made in violation of subsection (a) of this section, except one
made by operation of law or court judgment, is void. (Added 2001, No. 77 (Adj. Sess.), § 1.)