Vermont § 4082 - Member’s power to dissociate; wrongful dissociation
Full text of Vermont Vermont Statutes Online § 4082 — Member’s power to dissociate; wrongful dissociation, with citation guidance and answers to common questions.
§ 4082. Member’s power to dissociate; wrongful dissociation
- (a) A person has the power to dissociate as a member from a limited liability company
at any time, rightfully or wrongfully, by express will pursuant to subdivision 4081(1) of this title. (b) A member’s dissociation from a limited liability company is wrongful only if the dissociation: (1) is in breach of an express provision of the operating agreement or articles of organization;
or (2) occurs before the termination of the company and: (A) the member withdraws as a member by express will; (B) the member is expelled as a member by judicial determination under subdivision 4081(5) of this title; (C) the member is dissociated under subdivision 4081(6)(A) of this title by becoming a debtor in bankruptcy; or (D) in the case of a member who is not an individual, trust other than a business trust,
or estate, the member is expelled or otherwise dissociated because it willfully dissolved
or terminated its existence. (c)(1) A person that wrongfully dissociates as a member from a limited liability company
is liable to the company and, subject to section 4131 of this title, to the other members for damages caused by the dissociation. (2) The liability is in addition to any other debt, obligation, or other liability of
the member to the company or to the other members. (Added 2015, No. 17, § 2.)
Frequently Asked Questions About Vermont § 4082
What does Vermont Statutes Online § 4082 cover?
Section 4082 ("Member’s power to dissociate; wrongful dissociation") 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 § 4082?
A common citation format is "Vermont Statutes Online § 4082" (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 § 4082 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.