Vermont § 1088 - Net earnings or losses; apportionment, distribution, and payment
Full text of Vermont Vermont Statutes Online § 1088 — Net earnings or losses; apportionment, distribution, and payment, with citation guidance and answers to common questions.
§ 1088. Net earnings or losses; apportionment, distribution, and payment
- (a) The net earnings or losses of a worker cooperative shall be apportioned and distributed
at such times and in such manner as the articles of incorporation or bylaws shall
specify. Net earnings declared as patronage allocations with respect to a period of
time, and paid or credited to members, and net losses allocated to members with respect
to a period of time shall be apportioned among the members in accordance with the
ratio which each member’s patronage during the period involved bears to total patronage
by all members during that period. (b) The apportionment, distribution, and payment of net earnings required by this section
may be in cash, credits, written notices of allocation, or capital stock issued by
the worker cooperative. (Added 1985, No. 46, § 1; amended 2023, No. 85 (Adj. Sess.), § 21, eff. July 1, 2024.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 1088
What does Vermont Statutes Online § 1088 cover?
Section 1088 ("Net earnings or losses; apportionment, distribution, and payment") 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 § 1088?
A common citation format is "Vermont Statutes Online § 1088" (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 § 1088 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.