Vermont § 1203 - Judicial dissolution The Superior Court may dissolve a mutual benefit enterprise or order any action that under the circumstances is appropriate and equitable:
Full text of Vermont Vermont Statutes Online § 1203 — Judicial dissolution The Superior Court may dissolve a mutual benefit enterprise or order any action that under the circumstances is appropriate and equitable:, with citation guidance and answers to common questions.
§ 1203. Judicial dissolution The Superior Court may dissolve a mutual benefit enterprise or order any action that under the circumstances is appropriate and equitable:
- (1) in a proceeding initiated by the Attorney General, if: (A) the enterprise obtained its articles of organization through fraud; or (B) the enterprise has continued to exceed or abuse the authority conferred upon it by
law; or (2) in a proceeding initiated by a member, if: (A) the directors are deadlocked in the management of the enterprise’s affairs, the members
are unable to break the deadlock, and irreparable injury to the enterprise is occurring
or is threatened because of the deadlock; (B) the directors or those in control of the enterprise have acted, are acting, or will
act in a manner that is illegal, oppressive, or fraudulent; (C) the members are deadlocked in voting power and have failed to elect successors to
directors whose terms have expired for two consecutive periods during which annual
members’ meetings were held or were to be held; or (D) the assets of the enterprise are being misapplied or wasted. (Added 2011, No. 84 (Adj
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 1203
What does Vermont Statutes Online § 1203 cover?
Section 1203 ("Judicial dissolution The Superior Court may dissolve a mutual benefit enterprise or order any action that under the circumstances is appropriate and equitable:") 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 § 1203?
A common citation format is "Vermont Statutes Online § 1203" (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 § 1203 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.