Vermont § 4135 - Special litigation committee
Full text of Vermont Vermont Statutes Online § 4135 — Special litigation committee, with citation guidance and answers to common questions.
§ 4135. Special litigation committee
- (a)(1) If a limited liability company is named as or made a party in a derivative proceeding,
the company may appoint a special litigation committee to investigate the claims asserted
in the proceeding and determine whether pursuing the action is in the best interests
of the company. (2) If the company appoints a special litigation committee, on motion by the committee
made in the name of the company, except for good cause shown, the court shall stay
discovery for the time reasonably necessary to permit the committee to make its investigation. (3) This subsection shall not prevent the court from: (A) enforcing a person’s right to information under section 4058 of this title; or (B) granting extraordinary relief in the form of a temporary restraining order or preliminary
injunction.
Frequently Asked Questions About Vermont § 4135
What does Vermont Statutes Online § 4135 cover?
Section 4135 ("Special litigation committee") 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 § 4135?
A common citation format is "Vermont Statutes Online § 4135" (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 § 4135 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.