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The Vermont Statutes Online


Title 11A : Vermont Business Corporations

Chapter 014 : DISSOLUTION


(Cite as: 11A V.S.A. § 14.31)
  • § 14.31. Procedure for judicial dissolution

    (a) Venue for a proceeding by the Attorney General to dissolve a corporation lies in Washington County. Venue for a proceeding brought by any other party named in section 14.30 of this title lies in the county where the corporation’s principal office (or, if none in this State, its registered office) is or was last located.

    (b) It is not necessary to make shareholders parties to a proceeding to dissolve a corporation unless relief is sought against them individually.

    (c) A court in a proceeding brought to dissolve a corporation may issue injunctions, appoint a receiver or custodian pendente lite with all powers and duties the court directs, take other action required to preserve the corporate assets wherever located, and carry on the business of the corporation until a full hearing can be held. (Added 1993, No. 85, § 2, eff. Jan. 1, 1994.)