Vermont § 1202 - Nonjudicial dissolution Except as otherwise provided in sections 1203 and 1211 of this title, a mutual benefit enterprise is dissolved and its activities shall be wound up:
Full text of Vermont Vermont Statutes Online § 1202 — Nonjudicial dissolution Except as otherwise provided in sections 1203 and 1211 of this title, a mutual benefit enterprise is dissolved and its activities shall be wound up:, with citation guidance and answers to common questions.
§ 1202. Nonjudicial dissolution Except as otherwise provided in sections 1203 and 1211 of this title, a mutual benefit enterprise is dissolved and its activities shall be wound up:
- (1) upon the occurrence of an event or at a time specified in the articles of organization; (2) upon the action of the enterprise’s organizers, board of directors, or members under
section 1204 or 1205 of this title; or (3) 90 days after the dissociation of a member, which results in the enterprise having
one patron member and no other members, unless the enterprise: (A) has a sole member that is a cooperative; or (B) not later than the end of the 90-day period, admits at least one member in accordance
with the organic rules and has at least two members, at least one of which is a patron
member. (Added 2011, No. 84 (Adj
Frequently Asked Questions About Vermont § 1202
What does Vermont Statutes Online § 1202 cover?
Section 1202 ("Nonjudicial dissolution Except as otherwise provided in sections 1203 and 1211 of this title, a mutual benefit enterprise is dissolved and its activities shall be wound up:") 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 § 1202?
A common citation format is "Vermont Statutes Online § 1202" (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 § 1202 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.