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
003
:
JUDICIAL DISSOLUTION
(Cite as: 11A V.S.A. § 14.33)
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§ 14.33. Decree of dissolution
(a) If after a hearing the court determines that one or more grounds for judicial dissolution
described in section 14.30 of this title exist, it may enter a decree dissolving the corporation and specifying the effective
date of the dissolution, and the clerk of the court shall deliver a certified copy
of the decree to the Secretary of State, who shall file it.
(b) After entering the decree of dissolution, the court shall direct the winding up and
liquidation of the corporation’s business and affairs in accordance with section 14.05 of this title, the notification of claimants in accordance with sections 14.06 and 14.07 of this title, and the payment of claims in accordance with sections 14.08 and 14.09 of this title. (Added 1993, No. 85, § 2, eff. Jan. 1, 1994.)