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
007
:
WINDING UP OF COMPANY BUSINESS
(Cite as: 11 V.S.A. § 4109)
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§ 4109. Enforcement of claims against dissolved limited liability company
A claim not barred under section 4108 of this title may be enforced against the dissolved limited liability company:
(1) to the extent of its undistributed assets, including any insurance assets held by
the limited liability company that may be available to satisfy claims; or
(2) if the assets have been distributed in liquidation, against a member of the dissolved
company to the extent of the member’s proportionate share of the claim or the company’s
assets distributed to the member in liquidation, whichever is less, but a member’s
total liability for all claims under this section may not exceed the total amount
of assets distributed to the member. (Added 2015, No. 17, § 2.)