Vermont § 4101 - Events causing dissolution and winding up of company business
Full text of Vermont Vermont Statutes Online § 4101 — Events causing dissolution and winding up of company business, with citation guidance and answers to common questions.
§ 4101. Events causing dissolution and winding up of company business
- (a) A limited liability company is dissolved, and its business shall be wound up, upon
the occurrence of any of the following events: (1) an event or circumstance that the operating agreement states causes dissolution; (2) consent of the number or percentage of members specified in the operating agreement,
or in the absence of a provision governing approval of a dissolution or winding up
of the company contained in an operating agreement, the consent of all the members; (3) the passage of 90 consecutive days during which the company has no members; (4) on application by a member, the entry by the Superior Court of an order dissolving
the company on the grounds that: (A) the conduct of all or substantially all of the company’s activities is unlawful; or (B) it is not reasonably practicable to carry on the company’s activities in conformance
with the certificate of organization and the operating agreement; or (5) on application by a member, the entry by the Superior Court of an order dissolving
the company on the grounds that the managers or those members in control of the company: (A) have acted, are acting, or will act in a manner that is illegal or fraudulent; or (B) have acted or are acting in a manner that is oppressive and was, is, or will be directly
harmful to the applicant. (b) In an action brought under subdivision (a)(5) of this section, the Court may order
a remedy other than dissolution. (Added 2015, No. 17, § 2.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 4101
What does Vermont Statutes Online § 4101 cover?
Section 4101 ("Events causing dissolution and winding up of company business") 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 § 4101?
A common citation format is "Vermont Statutes Online § 4101" (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 § 4101 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.