Vermont § 4163 - Failure to meet requirements

Full text of Vermont Vermont Statutes Online § 4163 — Failure to meet requirements, with citation guidance and answers to common questions.

§ 4163. Failure to meet requirements

  • (a) A limited liability company that elects to be an L3C and subsequently fails to satisfy
    any one of the requirements set forth in section 4162 of this title shall immediately cease to be a low-profit limited liability company, but by continuing
    to meet all the other requirements of this chapter, continues to exist as a limited
    liability company. (b) In the event an L3C fails to satisfy the requirements of section 4162 of this title, the company shall change its name to conform with subsection 4005(a) of this title. (Added 2015, No. 17, § 2.)

Source: official Vermont text · Last verified 2026-08-27

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Frequently Asked Questions About Vermont § 4163

What does Vermont Statutes Online § 4163 cover?

Section 4163 ("Failure to meet requirements") 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 § 4163?

A common citation format is "Vermont Statutes Online § 4163" (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 § 4163 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.