Vermont § 1102 - Effect of dissociation as member

Full text of Vermont Vermont Statutes Online § 1102 — Effect of dissociation as member, with citation guidance and answers to common questions.

§ 1102. Effect of dissociation as member

  • (a) Upon a member’s dissociation: (1) subject to section 1103 of this title, the person has no further rights as a member; and (2) subject to section 1103 of this title and article 16 of this title, any financial rights owned by the person in the person’s
    capacity as a member immediately before dissociation are owned by the person as a
    transferee. (b) A person’s dissociation as a member does not of itself discharge the person from any
    debt, obligation, or liability to the mutual benefit enterprise that the person incurred
    under the organic rules, by contract, or by other means while a member. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)

Source: official Vermont text · Last verified 2026-08-27

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Frequently Asked Questions About Vermont § 1102

What does Vermont Statutes Online § 1102 cover?

Section 1102 ("Effect of dissociation as member") 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 § 1102?

A common citation format is "Vermont Statutes Online § 1102" (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 § 1102 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.