Vermont § 1401 Governing law

Vermont Statutes

§ 1401 — Governing law

Vermont § 1401

Title 11CTitle 11C: Mutual Benefit Enterprises

Ch. 14Article 014: Foreign Enterprises

This text of Vermont § 1401 (Governing law) 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, § 1401 (2026).

Text

(a)The law of the State or other jurisdiction under which a foreign enterprise is organized governs relations among the members of the foreign enterprise and between the members and the foreign enterprise.

(b)A foreign enterprise may not be denied a certificate of authority because of any difference between the law of the jurisdiction under which the foreign enterprise is organized and the law of this State.

(c)A certificate of authority does not authorize a foreign enterprise to engage in any activity or exercise any power that a mutual benefit enterprise may not engage in or exercise in this State. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)

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(a) The law of the State or other jurisdiction under which a foreign enterprise is organized governs relations among the members of the foreign enterprise and between the members and the foreign enterprise.
(b) A foreign enterprise may not be denied a certificate of authority because of any difference between the law of the jurisdiction under which the foreign enterprise is organized and the law of this State.
(c) A certificate of authority does not authorize a foreign enterprise to engage in any activity or exercise any power that a mutual benefit enterprise may not engage in or exercise in this State. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)