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: 11C V.S.A. § 401)
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§ 401. Authority to amend organic rules
(a) A mutual benefit enterprise may amend its organic rules under this article for any
lawful purpose. In addition, the initial board of directors may amend the bylaws of
an enterprise under section 304 of this title.
(b) Unless the organic rules otherwise provide, a member does not have a vested property
right resulting from any provision in the organic rules, including a provision relating
to the management, control, capital structure, distribution, entitlement, purpose,
or duration of the mutual benefit enterprise. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)