The Vermont Statutes Online
The Vermont Statutes Online does not include the actions of the 2024 session of the General Assembly. We expect them to be updated by November 1st.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Title 11C : Mututal Benefit Enterprises
Chapter 001 : General Provisions
(Cite as: 11C V.S.A. § 105)-
§ 105. Purpose and duration of mutual benefit enterprise
(a) A mutual benefit enterprise is an entity distinct from its members.
(b) A mutual benefit enterprise may be organized for any lawful purpose, whether or not for profit.
(c) Unless the articles of organization state a term for a mutual benefit enterprise’s existence, the enterprise has perpetual duration. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)
