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Searching 2023-2024 Session

The Vermont Statutes Online

The Vermont Statutes Online have been updated to include the actions of the 2023 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.

Title 11 : Corporations, Partnerships and Associations

Chapter 004 : Professional Corporations

Subchapter 003 : Shares

(Cite as: 11 V.S.A. § 832)
  • § 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.)