Vermont § 4001 - Definitions As used in this chapter:

§ 4001. Definitions As used in this chapter:

• (1) “Articles of organization” means initial, amended, and restated articles of organization
  and articles of merger. In the case of a foreign limited liability company, the term
  includes all documents serving a similar function required to be filed in the Office
  of the Secretary of State, or comparable office, of the company’s jurisdiction of
  organization. (2) “Business” includes every trade, occupation, profession, and other lawful purpose,
  whether or not carried on for profit. (3) “Debtor in bankruptcy” means a person who is the subject of an order for relief under
  Title 11 of the U.S. Code or a comparable order under a successor statute of general
  application or a comparable order under federal, state, or foreign law governing insolvency. (4) “Delivery” means transmission by surface mail or by a method of electronic transmission
  the Secretary of State may prescribe. (5) “Designated office” means the office of a limited liability company designated pursuant
  to section 4007 of this title or the principal office of a foreign limited liability company. (6) “Dissolution” means an event under section 4101 of this title which requires a limited liability company to wind up its affairs and to terminate
  its existence as a legal entity. (7) “Dissociation” means a complete termination of a member’s continued membership in
  a limited liability company for any reason. (8) “Distribution” means a transfer of money or property from a limited liability company
  to a member in the member’s capacity as a member or to a transferee of the member’s
  distributional interest. (9) “Distributional interest” means the right of a member or transferee to receive a distribution
  from a limited liability company. (10) “Document” means information that is inscribed on a tangible medium or that is stored
  in an electronic or other medium and is retrievable in perceivable form. (11) “Entity” means a person other than an individual. (12) “Foreign limited liability company” means an unincorporated entity organized under
  laws, other than the laws of this State, which afford limited liability to its owners
  comparable to the liability under section 4042 of this title. (13) “Limited liability company” or “company,” except in the phrase “foreign limited liability
  company,” means an organization formed under this chapter or subject to this chapter
  following a merger, conversion, or domestication pursuant to subchapter 10 of this
  chapter. (14) “L3C” or “low-profit limited liability company” means a limited liability company
  that elects to be a low-profit limited liability company pursuant to section 4161 of this title and meets the requirements of section 4162 of this title. (15) “Manager” means a person that under the operating agreement of a manager-managed limited
  liability company is responsible, alone or in concert with others, for performing
  the management functions stated in subsection 4054