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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 11A : Vermont Business Corporations

Chapter 001 : General Provisions

Subchapter 004 : Definitions

(Cite as: 11A V.S.A. § 1.42)
  • § 1.42. Number of shareholders

    (a) For purposes of this title, the following identified as a shareholder in a corporation’s current record of shareholders constitutes one shareholder:

    (1) all co-owners of the same shares;

    (2) a corporation, partnership, trust, estate, or other entity;

    (3) the trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account.

    (b) For purposes of this title, shareholdings registered in substantially similar names constitute one shareholder if it is reasonable to believe that the names represent the same person. The provisions of this subsection shall not affect the voting rights of shareholders under chapter 7 of this title. (Added 1993, No. 85, § 2, eff. Jan. 1, 1994.)