Vermont § 1591 - Membership
Full text of Vermont Vermont Statutes Online § 1591 — Membership, with citation guidance and answers to common questions.
§ 1591. Membership
- (a) A cooperative housing corporation shall be organized on a membership basis with capital
stock. (b) A cooperative housing corporation shall have one class of stock and, therefore, one
class of members, all of whom must be residents except as provided in subdivision 1599(1) of this title. The designation, qualifications, requirements, method of acceptance, and incidents
of membership shall be set forth in the articles of incorporation or the bylaws. (c) No member may transfer the member’s membership except as permitted in the articles
of incorporation or the bylaws. (d) The bylaws may provide for termination of membership and the conditions and terms
thereof. (Added 1987, No. 254 (Adj. Sess.), § 1, eff. June 16, 1988; amended 2023, No. 85 (Adj. Sess.), § 28, eff. July 1, 2024.)
Frequently Asked Questions About Vermont § 1591
What does Vermont Statutes Online § 1591 cover?
Section 1591 ("Membership") 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 § 1591?
A common citation format is "Vermont Statutes Online § 1591" (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 § 1591 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.