Vermont § 4081 - Events causing member’s dissociation A person is dissociated from a limited liability company upon the occurrence of any of the following events:

§ 4081. Events causing member’s dissociation A person is dissociated from a limited liability company upon the occurrence of any of the following events:

• (1) the company’s having notice of the member’s express will to withdraw upon the date
  of notice or, if a later withdrawal date is specified by the member, on the later
  date; (2) an event agreed to in the operating agreement as causing the member’s dissociation; (3) the member’s expulsion pursuant to the operating agreement; (4) the member’s expulsion by unanimous vote of the other members if: (A) it is unlawful to carry on the company’s business with the person as a member; (B) there has been a transfer of substantially all of the member’s distributional interest,
  other than a transfer for security purposes, or a court order charging the member’s
  distributional interest, which has not been foreclosed; (C) a corporation that is a member fails to obtain a revocation of its certificate of
  dissolution or a reinstatement of its charter or its right to conduct business within
  90 days after the company notifies such member that it will be expelled because it
  has filed a certificate of dissolution or the equivalent, its charter has been revoked,
  or its right to conduct business has been suspended by the jurisdiction of its incorporation;
  or (D) a partnership or a limited liability company that is a member has been dissolved and
  its business is being wound up; (5) on application by the company or another member, the member’s expulsion by judicial
  determination because the member: (A) engaged in wrongful conduct that has adversely and materially affected, or will adversely
  and materially affect, the company’s business; (B) willfully or persistently committed a material breach of the operating agreement or
  of a duty owed to the company or the other members under section 4059 of this title; or (C) engaged in conduct relating to the company’s business which makes it not reasonably
  practicable to carry on the business with the person as a member; (6) in a member-managed limited liability company, the member: (A) becomes a debtor in bankruptcy; (B) executes an assignment for the benefit of creditors; (C) seeks, consents to, or acquiesces in, the appointment of a trustee, receiver, or liquidator
  of the member or of all or substantially all of the member’s property; or (D) fails, within 90 days after the appointment, to have vacated or stayed the appointment
  of a trustee, receiver, or liquidator of the member or of all or substantially all
  of the member’s property obtained without the member’s consent or acquiescence, or
  fails within 90 days after the expiration of a stay to have the appointment vacated; (7) in the case of a member who is an individual: (A) the member’s death; or (B) in a member-managed limited liability company: