Vermont § 105 Purpose and duration of mutual benefit enterprise

Vermont Statutes

§ 105 — Purpose and duration of mutual benefit enterprise

Vermont § 105

Title 11CTitle 11C: Mutual Benefit Enterprises

Ch. 1Article 001: General Provisions

This text of Vermont § 105 (Purpose and duration of mutual benefit enterprise) is published on Counsel Stack Legal Research, covering Vermont primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Vt. Stat. Ann. tit. 11C, § 105 (2026).

Text

(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.)

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