Home/Vermont/Statutes/Title 11C: Title 11C: Mutual Benefit Enterprises/Ch. 5: Article 005: Members/§ 503
Vermont Statutes

§ 503 — No power as member to bind enterprise

Vermont·Title 11C Title 11C: Mutual Benefit Enterprises·Ch. 5 Article 005: Members
A member solely by reason of being a member may not act for or bind the mutual benefit enterprise. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)

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Nearby Sections

12
§ 500
Intent
§ 501
Members
§ 501-507
Repealed. 2015, No. 16, § 3, effective June 1, 2015.
§ 502
Becoming a member
§ 503
No power as member to bind enterprise
§ 504
No liability as member for enterprise’s obligations
§ 505
Right of member and former member to information
§ 506
Annual meeting of members
§ 507
Special meeting of members
§ 508
Notice of members’ meeting
§ 508-510
Repealed. 2011, No. 126 (Adj. Sess.), § 2.
§ 509
Waiver of member’s meeting notice
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