Vermont § 1092 - Conversion of membership shares and internal capital accounts upon revocation of election; consolidation or merger
Full text of Vermont Vermont Statutes Online § 1092 — Conversion of membership shares and internal capital accounts upon revocation of election; consolidation or merger, with citation guidance and answers to common questions.
§ 1092. Conversion of membership shares and internal capital accounts upon revocation of election; consolidation or merger
- (a) If any worker cooperative revokes its election in accordance with section 1084 of this title, the articles of incorporation or articles of amendment shall provide for conversion
of membership shares and internal capital accounts or their conversion to securities
or other property in a manner consistent with Title 11A. (b) A worker cooperative may not consolidate or merge with another corporation unless
the corporation that results from such merger or consolidation is a worker cooperative.
All such mergers and consolidations shall be in accordance with 11A V.S.A. chapter 11. (Added 1985, No. 46, § 1; amended 2023, No. 85 (Adj. Sess.), § 24, eff. July 1, 2024.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 1092
What does Vermont Statutes Online § 1092 cover?
Section 1092 ("Conversion of membership shares and internal capital accounts upon revocation of election; consolidation or merger") 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 § 1092?
A common citation format is "Vermont Statutes Online § 1092" (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 § 1092 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.