Vermont § 3401 - Definitions As used in this chapter:

Full text of Vermont Vermont Statutes Online § 3401 — Definitions As used in this chapter:, with citation guidance and answers to common questions.

§ 3401. Definitions As used in this chapter:

  • (1) A “certificate of limited partnership” means the certificate referred to in section 3411 of this title, and the certificate as amended or restated. (2) A “contribution” means any cash, property, services rendered, or a promissory note
    or other binding obligation to contribute cash or property or to perform services,
    which a partner contributes to a limited partnership in his or her capacity as a partner. (3) An “event of withdrawal of a general partner” means an event that causes a person
    to cease to be a general partner as provided in section 3432 of this title. (4) A “foreign limited partnership” means a partnership formed under laws other than the
    laws of this State and having as partners one or more general partners and one or
    more limited partners. (5) “General partner” means a person who has been admitted to a limited partnership as
    a general partner in accordance with the partnership agreement and named in the certificate
    of limited partnership as a general partner. (6) “Limited partner” means a person who has been admitted to a limited partnership as
    a limited partner in accordance with the partnership agreement. (7) “Limited partnership” and “domestic limited partnership” mean a partnership formed
    by two or more persons under the laws of this State and having one or more general
    partners and one or more limited partners. (8) “Partner” means a limited or general partner. (9) “Partnership agreement” means any valid agreement, written or oral, of the partners
    as to the affairs of a limited partnership and the conduct of its business. (10) “Partnership interest” means a partner’s share of the profits and losses of a limited
    partnership and the right to receive distributions of partnership assets. (11) “Person” means a natural person, partnership, limited partnership (domestic or foreign),
    trust, estate, association, corporation, or limited liability company. (12) “State” means a state, territory, or possession of the United States, the District
    of Columbia, or the Commonwealth of Puerto Rico. (Added 1997, No. 149 (Adj

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

Frequently Asked Questions About Vermont § 3401

What does Vermont Statutes Online § 3401 cover?

Section 3401 ("Definitions As used in this chapter:") 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 § 3401?

A common citation format is "Vermont Statutes Online § 3401" (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 § 3401 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.