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Searching 2023-2024 Session

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 006 : Member's Interest in Mutual Benefit Enterprise

(Cite as: 11C V.S.A. § 602)
  • § 602. Patron and investor member’s interests

    (a) Unless the organic rules establish investor members’ interests, a member’s interest is a patron member’s interest.

    (b) Unless the organic rules otherwise provide, if a mutual benefit enterprise has investor members, while a person is a member of the enterprise, the person:

    (1) if admitted as a patron member, remains a patron member;

    (2) if admitted as an investor member, remains an investor member; and

    (3) if admitted as a patron member and an investor member remains a patron and an investor member if not dissociated in one of the capacities. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)