Vermont § 802 No liability as director for mutual benefit enterprise’s obligations

Vermont Statutes

§ 802 — No liability as director for mutual benefit enterprise’s obligations

Vermont § 802

Title 11CTitle 11C: Mutual Benefit Enterprises

Ch. 8Article 008: Directors and Officers

This text of Vermont § 802 (No liability as director for mutual benefit enterprise’s obligations) 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, § 802 (2026).

Text

A debt, obligation, or other liability of a mutual benefit enterprise is solely that of the enterprise and is not a debt, obligation, or liability of a director solely by reason of being a director. An individual is not personally liable, directly or indirectly, for an obligation of an enterprise solely by reason of being a director. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)

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