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.
(Cite as: 11A V.S.A. § 20.01)
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§ 20.01. Law applicable
This chapter shall apply only to close corporations organized under this chapter.
The provisions of this title other than those set forth in this chapter shall apply
to close corporations in the absence of a contrary or inconsistent provision in this
chapter. A corporation whose status as a close corporation terminates shall immediately
become subject to the obligations and rights of a general corporation as provided
in this title. (Added 1993, No. 85, § 2, eff. Jan. 1, 1994.)