Vt. Stat. tit. 11C § 504

Current through L. 2024, c. 185.

Section 504 - No liability as member for enterprise's obligations

Unless the articles of organization otherwise provide, a debt, obligation, or other liability of a mutual benefit enterprise is solely that of the enterprise and is not the debt, obligation, or liability of a member solely by reason of being a member.

11C V.S.A. § 504

Added 2011, No. 84 (Adj. Sess.), § 1, eff. 4/20/2012.