Vermont § 4083 - Effect of member’s dissociation
Full text of Vermont Vermont Statutes Online § 4083 — Effect of member’s dissociation, with citation guidance and answers to common questions.
§ 4083. Effect of member’s dissociation
- (a) When a person is dissociated as a member of a limited liability company: (1) the person’s right to participate as a member in the management and conduct of the
company’s business terminates; (2) if the company is member-managed, the person’s fiduciary duties as a member end with
regard to matters arising and events occurring after the person’s dissociation; and (3) subject to section 4075 of this title and subchapter 10 of this chapter, any distributional interest owned by the person
immediately before dissociation in the person’s capacity as a member is owned by the
person solely as a transferee. (b) A person’s dissociation as a member of a limited liability company does not of itself
discharge the person from any debt, obligation, or other liability to the company
or the other members that the person incurred while a member. (Added 2015, No. 17, § 2.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 4083
What does Vermont Statutes Online § 4083 cover?
Section 4083 ("Effect of member’s 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 § 4083?
A common citation format is "Vermont Statutes Online § 4083" (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 § 4083 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.