Vermont § 104 - Nature of mutual benefit enterprise
Full text of Vermont Vermont Statutes Online § 104 — Nature of mutual benefit enterprise, with citation guidance and answers to common questions.
§ 104. Nature of mutual benefit enterprise
- (a) A mutual benefit enterprise organized under this title is an autonomous, unincorporated
association of persons united to meet their mutual interests through a jointly owned
enterprise primarily controlled by those persons, which permits combining: (1) ownership, financing, and receipt of benefits by the members for whose interests the
enterprise is formed; and (2) separate investments in the enterprise by members who may receive returns on their
investments and a share of control. (b) The fact that a mutual benefit enterprise does not have one or more of the characteristics
described in subsection (a) of this section does not alone prevent the enterprise
from being formed under and governed by this title nor does it alone provide a basis
for an action against the enterprise. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 104
What does Vermont Statutes Online § 104 cover?
Section 104 ("Nature of mutual benefit enterprise") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 104?
A common citation format is "Vermont Statutes Online § 104" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 104 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.