Vermont § 602 Patron and investor member’s interests

Vermont Statutes

§ 602 — Patron and investor member’s interests

Vermont § 602

Title 11CTitle 11C: Mutual Benefit Enterprises

Ch. 6Article 006: Member's Interest in Mutual Benefit Enterprise

This text of Vermont § 602 (Patron and investor member’s interests) 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, § 602 (2026).

Text

(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.)

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(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.)