Vermont § 1588 - Articles of incorporation; minimum requirements Articles of incorporation of cooperative housing corporations shall contain the following provisions in addition to those required by Title 11A:
Full text of Vermont Vermont Statutes Online § 1588 — Articles of incorporation; minimum requirements Articles of incorporation of cooperative housing corporations shall contain the following provisions in addition to those required by Title 11A:, with citation guidance and answers to common questions.
§ 1588. Articles of incorporation; minimum requirements Articles of incorporation of cooperative housing corporations shall contain the following provisions in addition to those required by Title 11A:
- (1) a statement that the cooperative housing corporation shall have only one class of
stock; (2) a statement of restrictions, if any, upon transfer of shares; (3) the rate of dividend, if any, allocable to membership shares which shall not exceed
six percent per annum on invested capital; (4) reservation of the right of the cooperative housing corporation to acquire membership
shares; (5) basis of distribution of assets in event of dissolution; (6) the method of allocation of ownership and voting interests in the cooperative housing
corporation; and (7) the conditions, if any, under which the cooperative housing corporation shall have
a right of first refusal upon proposed transfer of cooperative interests. (Added 1987, No. 254 (Adj
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 1588
What does Vermont Statutes Online § 1588 cover?
Section 1588 ("Articles of incorporation; minimum requirements Articles of incorporation of cooperative housing corporations shall contain the following provisions in addition to those required by Title 11A:") 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 § 1588?
A common citation format is "Vermont Statutes Online § 1588" (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 § 1588 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
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