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Searching 2019-2020 Session

The Vermont Statutes Online

 

Title 11 : Corporations, Partnerships and Associations

Chapter 025 : LIMITED LIABILITY COMPANIES

Subchapter 012 : BLOCKCHAIN-BASED LIMITED LIABILITY COMPANIES

(Cite as: 11 V.S.A. § 4172)
  • § 4172. Election

    A limited liability company organized pursuant to this title for the purpose of operating a business that utilizes blockchain technology for a material portion of its business activities may elect to be a blockchain-based limited liability company (BBLLC) by:

    (1) specifying in its articles of organization that it elects to be a BBLLC; and

    (2) meeting the requirements in subdivision 4173(2) and subsection 4174(a) of this title. (Added 2017, No. 205 (Adj. Sess.), § 7.)