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Searching 2021-2022 Session

The Vermont Statutes Online


Title 11 : Corporations, Partnerships and Associations

Chapter 007 : COOPERATIVES

Subchapter 002 : The Cooperative Marketing Act

(Cite as: 11 V.S.A. § 1031)
  • § 1031. Penalties

    An officer or director who shall subscribe or make oath to any certificate provided for in sections 995 and 996 of this title, which shall contain a false statement, known by such person to be false or who shall do any act relative to the issue of capital stock which is not permitted by section 1015 of this title, or who shall make or publish any financial statement which he or she knows does not comply with the provisions of such sections, shall be fined not more than $5,000.00, or imprisoned not more than five years, or both, and shall also be individually liable to a stockholder of the association or other person for damage caused by reason thereof.