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
001
:
CERTIFICATE OF AUTHORITY
(Cite as: 11A V.S.A. § 15.05)
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§ 15.05. Effect of certificate of authority
(a) A certificate of authority authorizes the foreign corporation to which it is issued
to transact business in this State; subject, however, to the right of the State to
revoke the certificate as provided in this title, and to impose such restrictions
as are required by law.
(b) A foreign corporation with a valid certificate of authority has the same but no greater
rights and has the same but no greater privileges as, and except as otherwise provided
by this title is subject to the same duties, restrictions, penalties, and liabilities
now or later imposed on, a domestic corporation of like character.
(c) Except as provided in subdivision 11.07(a)(3) of this title, this title does not authorize this State to regulate the organization or internal
affairs of a foreign corporation authorized to transact business in this State. (Added 1993, No. 85, § 2, eff. Jan. 1, 1994.)