Vermont § 4102 - Limited liability company continues after dissolution
Full text of Vermont Vermont Statutes Online § 4102 — Limited liability company continues after dissolution, with citation guidance and answers to common questions.
§ 4102. Limited liability company continues after dissolution
- (a) Subject to subsection (b) of this section, a limited liability company continues after
dissolution only for the purpose of winding up its business. (b) At any time after the dissolution of a limited liability company and before the winding
up of its business is completed, all of the members, or, if different, the number
or percentage of members specified in the operating agreement to dissolve or liquidate
the company may waive the right to have the company’s business wound up and the company
terminated, in which case: (1) the limited liability company resumes carrying on its business as if dissolution had
never occurred and any liability incurred by the company or a member after the dissolution
and before the waiver is determined shall be subject to the same limitations on liability
as if the dissolution had never occurred; and (2) the rights of a third party accruing under section 4104 of this title or arising out of conduct in reliance on the dissolution before the third party knew
or received a notification of the waiver are not adversely affected. (Added 2015, No. 17, § 2.)
Frequently Asked Questions About Vermont § 4102
What does Vermont Statutes Online § 4102 cover?
Section 4102 ("Limited liability company continues after dissolution") 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 § 4102?
A common citation format is "Vermont Statutes Online § 4102" (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 § 4102 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.