Vermont § 3027 Dissolution—Cooperative not commencing business

Vermont Statutes

§ 3027 — Dissolution—Cooperative not commencing business

Vermont § 3027

Title 30Title 30: Public Service

Ch. 81Chapter 081: Utility Cooperatives

This text of Vermont § 3027 (Dissolution—Cooperative not commencing business) 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. 30, § 3027 (2026).

Text

A cooperative that has not commenced business may be dissolved by delivering to the Secretary of State a certificate of dissolution, which shall be executed and acknowledged on behalf of the cooperative by a majority of the incorporators and that shall state:

(1)the name of the cooperative;

(2)the address of its principal office;

(3)that the cooperative has not commenced business;

(4)that any sums received by the cooperative, less any part thereof disbursed for expenses of the cooperative, have been returned or paid to those entitled to them;

(5)that no debt of the cooperative is unpaid; and

(6)that a majority of the incorporators elect that the cooperative be dissolved. (Amended 2023, No. 85 (Adj. Sess.), § 423, eff. July 1, 2024.)

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A cooperative that has not commenced business may be dissolved by delivering to the Secretary of State a certificate of dissolution, which shall be executed and acknowledged on behalf of the cooperative by a majority of the incorporators and that shall state:
(1) the name of the cooperative;
(2) the address of its principal office;
(3) that the cooperative has not commenced business;
(4) that any sums received by the cooperative, less any part thereof disbursed for expenses of the cooperative, have been returned or paid to those entitled to them;
(5) that no debt of the cooperative is unpaid; and
(6) that a majority of the incorporators elect that the cooperative be dissolved. (Amended 2023, No. 85 (Adj. Sess.), § 423, eff. July 1, 2024.)