Vermont § 1601 - Definitions In this article:
Full text of Vermont Vermont Statutes Online § 1601 — Definitions In this article:, with citation guidance and answers to common questions.
§ 1601. Definitions In this article:
- (1) “Constituent entity” means an entity that is a party to a merger. (2) “Constituent mutual benefit enterprise” means a mutual benefit enterprise that is
a party to a merger. (3) “Converted entity” means the organization into which a converting entity converts
pursuant to sections 1602 through 1605 of this title. (4) “Converting entity” means an entity that converts into another entity pursuant to
sections 1602 through 1605 of this title. (5) “Converting mutual benefit enterprise” means a converting entity that is a mutual
benefit enterprise. (6) “Organizational documents” means articles of incorporation, bylaws, articles of organization,
operating agreements, partnership agreements, or other documents serving a similar
function in the creation and governance of an entity. (7) “Personal liability” means personal liability for a debt, liability, or other obligation
of an entity imposed, by operation of law or otherwise, on a person that co-owns or
has an interest in the entity: (A) by the entity’s organic law solely because of the person co-owning or having an interest
in the entity; or (B) by the entity’s organizational documents under a provision of the entity’s organic
law authorizing those documents to make one or more specified persons liable for all
or specified parts of the entity’s debts, liabilities, and other obligations solely
because the person co-owns or has an interest in the entity. (8) “Surviving entity” means an entity into which one or more other entities are merged,
whether the entity existed before the merger or is created by the merger. (Added 2011, No. 84 (Adj
Frequently Asked Questions About Vermont § 1601
What does Vermont Statutes Online § 1601 cover?
Section 1601 ("Definitions In this article:") 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 § 1601?
A common citation format is "Vermont Statutes Online § 1601" (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 § 1601 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.